While the chatted about within the a past article, PPP2 provides that certain borrowers meet the requirements to apply for a second PPP loan

This week, brand new You.S. Small business Government (SBA) and you may Treasury often launch the newest refurbished Income Safeguards System (PPP2). PPP2 have a tendency to reopen today for earliest-big date consumers as well as on Wednesday, January 13 to own 2nd-draw individuals. The latest pointers released a week ago incorporated a couple of meantime latest rules (IFRs).

The first IFR Organization Mortgage System Brief Transform; a salary Safety Program as Amended consolidates new PPP regulations for earliest-big date borrowers in addition to lines change made by the economical Help so you can Hard-Hit Small enterprises, Nonprofits, and Venues Act, P.L. 116-260 (brand new Act). Continua a leggere

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