How can i determine the absolute most for my PPP financing?

The new CRRSAA created the window of opportunity for businesses and nonprofits to apply to own an extra PPP loan when they meet certain conditions. The second-draw money be much more directed than simply first-time PPP loans, and to be considered, organizations need to step 1) have previously acquired an effective PPP loan and you may utilized the full number just for registered spends; 2) have less than 300 professionals; and you may 3) have acquired a 25% lack of disgusting receipts throughout one or more one-fourth off 2020 instead of a similar quarter from 2019. The maximum financing dimensions having a moment PPP financing try $2 billion in the place of $10 billion to own an initial-time PPP mortgage. Continue Reading