The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal.
First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, was a historic success helping 5.2 million small businesses keep 51 million American workers employed.
Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million.
Join SBA Fresno Tuesday - Mar 2rd @ 11am for a webinar to discuss the PPP and get your questions answered!! NO REGISTRATION IS REQUIRED for this event.
JOIN HERE: https://teams.microsoft.com/dl/launcher/launcher.html?url=%2F_%23%2Fl%2Fmeetup-join%2F19%3Ameeting_MGFkNTZmZWYtM2M1NS00MTM3LWE0ZjEtMjljYTZiZDNiYjZk%40thread.v2%2F0%3Fcontext%3D%257B%2522Tid%2522%253A%25223c89fd8a-7f68-4667-aa15-41ebf2208961%2522%252C%2522Oid%2522%253A%25224521726f-7a66-4502-96de-ef3ab88d600e%2522%252C%2522IsBroadcastMeeting%2522%253Atrue%257D%26utm_medium%3Demail%26utm_source%3Dgovdelivery%26anon%3Dtrue&type=meetup-join&deeplinkId=6dab77cc-80e3-4de2-9219-480539b07039&directDl=true&msLaunch=true&enableMobilePage=true&suppressPrompt=true
SBA Updates: Second Draw PPP Loans
Date and Time
Tuesday Mar 2, 2021
11:00 AM - 12:00 PM PST
Th is a free event. Registration is required.