What are Paycheck Protection Program (PPP) Loans
Congress authorized one other $284 billion in funding for these loans within the stimulus invoice enacted on December 27, 2020. See under for extra info on learn how to apply.
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1. First time PPP loans for companies who certified beneath the CARES Act however didn't get a mortgage 2. Second draw PPP loans for companies that obtained a PPP mortgage however want further funding
Many small companies and unbiased contractors could also be eligible for an additional PPP mortgage in the event that they acquired a earlier PPP mortgage
1. Small companies, nonprofit organizations, veterans organizations, Tribal enterprise considerations, and small agricultural cooperatives that meet the SBA measurement requirements.
Remember, this calculation applies to second draw PPP loans, to not first draw PPP loans.
How a lot can I get with a second draw PPP mortgage