2021 PPP Loan Enhancements and Expansion

The payroll protection program helps businesses cover expenses related to personnel, and can be a large help for businesses during the pandemic. Borrowers with fewer than 300 employees who received a PPP loan last year that have used or intend to use their current loan for allowable PPP loan expenses can apply for a second loan if gross receipts in any one quarter of 2020 were at least 25 percent less than during the same quarter of 2019.

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