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New Round of PPP funds

Posted by Admin Posted on Jan 19 2021

On December 27th, the President signed a new tax package that included a second round of the Payroll Protection Program.  The second round of funds are available to businesses who have 300 employees or less; have used or will use 100% of their first PPP loan, if applicable; and if the business can demonstrate that its revenue decreased by 25% in any quarter in 2020 compared to the same quarter in 2019.  Applications can be submitted up until March 31, 2021.  Businesses will want to contact their lender for further information about the application itself.  Please feel free to contact us with any further questions.