
Paycheck Protection Program: Round 2
January 20, 2021
Contractors can once again apply for financial assistance through the Paycheck Protection Program (PPP). The most recent COVID-19 relief package that went into effect on December 28, 2020, allotted an additional $284 billion to fund the program. While many of the logistics remain the same, there are significant updates contractors need to know:
Eligibility: PPP loans in round two are only available to the following businesses:
Businesses that employ 300 or less employees (reduced
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