As information comes out to the banks, and your banks adjust their systems, we’ll continue to update this post with information. The first question everyone has:
Can I get the PPP again?
Eligibility Requirements for a PPP Second Draw include that the business
employ not more than 300 employees;
have used or will use the full amount of their first PPP loan; and
demonstrate at least a 25 percent reduction in gross receipts in any quarter of 2020 relative to the same quarter in 2019 (subject to special provisions for businesses not in operation in 2019).
If this sounds like your business, our tentative answer is yes, you can. Nothing is available as of today, as soon as it is, we’ll let you know.