PPP Second Round Draw Details For Small Businesses
After 2 months of ongoing debate and negotiations, congress and President Trump signed a new stimulus bill which includes a second round of PPP loans. We at CFOshare took a peek at the PPP bill that passed congress December 21st, and here’s the details on what’s coming. Q3 2020 hedge fund letters, conferences and more Who can apply for PPP second draws?Fewer businesses will qualify for the second round of PPP funding. The following limitations will exist for any entity applying: Organizations must have experienced a 25% reduction in gross receipts for any quarter of 2020.When comparing against...