PPP Round Two: What Does It Mean For Your Business

At the end of 2020, the President signed the Consolidated Appropriations Act of 2021 (the “Act”) into law. The Act provides $900 billion in COVID-19-related stimulus and relief to individuals and businesses struggling from the economic challenges of the COVID-19 pandemic. The Act allowed for a second round of PPP loans along with some changes for round one borrowers.

Key Take-Aways:

  • What’s new in PPP Round 2: Eligibility, loan amount, covered expenses, etc. 
  • How to prepare for first and second-draw PPP loans
  • Considerations for using both PPP & ERC programs for payroll

This is available for anyone who has concerns about their PPP loan and the Consolidated Appropriations Act.

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