Second Stimulus Bill PPP Loan Changes and Eligibility for Second Loans
Fraser
FEBRUARY 24, 2021
The Paycheck Protection Program (“PPP”) was created as part of the CARES Act , passed last spring, which amended the Small Business Act (“SBA”) to provide short term loans to companies with fewer than 500 employees. Existing PPP Loans. The Act repealed this provision. Second PPP Loans for Eligible Borrowers.
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