New PPP Loans and PPP Second Draw: How to Qualify & Apply

Presented by

Gerri Detweiler

About this talk

More PPP loans, EIDL grant changes, and other small business relief are coming soon. Here we do our best to explain the legislation that includes a new round of Paycheck Protection Program (PPP) loans some are referring to as “PPP 2.0”. Check the link in the Attachments tab for updates as more details are released. Sign up for a free Nav account to get matched to a PPP lender when loans become available: We'll cover: Who is eligible for the PPP loans? How much can I get with new PPP loans? Calculating reduction in revenue Loan forgiveness How must I spend the money? Where can I get one of the new PPP loans? What else do I need to know? What you can do now Our recommended business checking account: Update December 27, 2020: The President has signed the stimulus bill that includes additional funding for PPP loans. The SBA has ten days after enactment to issue regulations. It appears business owners may be able to begin applying for new PPP loans sometime in the second week of January 2021.

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