Because talked about in a previous post, PPP2 brings this 1 borrowers meet the requirements to apply for good 2nd PPP financing

Recently, brand new You.S. Business Administration (SBA) and you may Treasury often discharge the revamped Paycheck Protection Program (PPP2). PPP2 usually reopen today to possess basic-go out individuals and on Wednesday, January 13 to possess second-draw individuals. The recommendations released last week integrated several interim final regulations (IFRs).

The original IFR Business Mortgage Program Temporary Changes; an income Protection Program given that Revised consolidates the new PPP guidelines for basic-time individuals as well as traces change created by the economical Support so you can Difficult-Hit Small businesses, Nonprofits, and Locations Operate, P.L. 116-260 (the fresh Act). (more…)