To own qualified companies that have good PPP mortgage otherwise features had you to previously who require extra assistance, new current system lets some enterprises get an alternative PPP mortgage, entitled a PPP 2nd mark

• Food, rooms, or other organizations categorized lower than NAICS password 72, could be permitted found step 3.5x its mediocre payroll.
• These firms is likewise able to submit an application for a new financing for each venue, offered every person area try a new courtroom entity

For qualified firms that now have a great PPP loan or features had one to previously who require additional service, the up-to-date system allows specific businesses receive an alternative PPP loan, called good PPP second draw

• To have financing a lot more than $150,000, applicants need submit documents to substantiate a return reduction of twenty-five% or higher (taxation versions, monetary statements, financial comments).
• Loans significantly less than $150,000 do not require it records during application, nevertheless they are required getting forgiveness. 続きを読む →