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Second Round of Forgivable PPP Funds, Now Available

Second Round of Forgivable PPP Funds, Now Available

January 28, 2021

The window is open to apply for the second round of PPP loans (January 13, 2021, until March 31, 2021).  Please call (Ashton 708.748.7094) or email with questions about eligibility.

 

KEY TAKE-AWAYS:

Eligibility:  300 or less employees and can demonstrate a 25% or greater loss in any single quarter in 2020 as compared to the same quarter in 2019.

 Loan Amount:  Up to 2.5x 2019 or 2020 payroll costs.  Additional amounts available for Food and Accommodation businesses.

 Fully forgivable when used for 60%+ payroll costs and other eligible expenses.

For full details visit:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/second-draw-ppp-loans

To get matched with a lender:  https://www.sba.gov/funding-programs/loans/lender-match

Contact

Office: (708) 748-7094

Fax: (708) 433-5398

18141 Dixie Hwy

Suite 100

Homewood, IL 60430

kathryn@khacpa.com

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