![]() No personal guarantee or collateral required. Source: The government allowed people to take a second ppp loan as part of the december 2020 stimulus package. We'll let a few of our 100,000+ customers tell you their opinion: Ppploans () if that's true, it might be because most sole proprietors w/o employees are using 100% of their loans for owner compensation. Ppp round 2 was approved in december 2020. Source: įor the $150,000 threshold, if borrowers had a first round loan, regardless of whether it was forgiven or not yet, and they come back for a second round. O check yes or no for all questions on the form. You can check reddit there are threads about this. (usually for 2.5x their monthly earnings). Source: Ppp borrowers are eligible for up to 2.5x monthly payroll costs for their initial ppp loan, as well as any second draw. It should take about 5 minutes, and can be done on any device. People have been asking for blue acorn ppp reviews to see if we're legit. ![]() Watch intro video (3mins) 4.9/5 customer satisfaction. If funds are available, qualified applications will be submitted to the sba. Ppploans () if that's true, it might be because most sole proprietors w/o employees are using 100% of their loans for owner compensation. Ppp loans are made by one or more approved u.s. We'll let a few of our 100,000+ customers tell you their opinion: Source: The first company of its kind to pioneer what’s possible through the convergence of analytics, digital commerce, customer experience, and experience driven commerce (xdc) services. However, there was an additional requirement. Gross receipts includes all revenue in whatever form received or accrued (in accordance with the entity’s accounting method) from whatever source, including from the sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances.Source: You don’t even have 8weeks.See the latest updates at Equitable PPP Home. * Updates to the program announced in February 2021 expanded eligible uses. Additionally, eligible costs now include operating costs for software and cloud computing services and accounting needs and property damage costs related to property damaged and vandalism or looting due to public disturbances that occurred during 2020 that was not covered by insurance or other compensation Eligible uses include payroll, payments for mortgage interest, rent, utilities, covered operations expenditures, covered property damage costs, covered supplier costs, and covered worker protection expenditures and facility modification expenditures incurred on or after March 15, 2020, including personal protective equipment to comply with COVID-19 federal health and safety guidelines.For more on PPP Loan modification, attend an information session or speak with a business advisor. Note: Under very narrow conditions, borrowers can request a modification to an existing PPP loans if they have not applied for and been granted forgiveness. Borrowers with past non-fraud felony convictions may now apply.Borrowers with delinquent student loans may now apply.This includes refugees and those with asylum status. Lawful US residents with only an Individual Tax Identification Number (ITIN) may apply.NEW! Eligibility changes and clarifications announced Feb. Has not received a Shuttered Venue Operator grant from the SBA.Can show at least a 25% gross revenue decline annually or in any 2020 quarter compared with the same quarter in 2019.Request for the 2nd loan is $2 million or less.The current economic uncertainty makes the second PPP loan necessary to support ongoing operations.Already used or will use the full amount of the first PPP loan prior to distribution of the second draw loan. ![]() Second-time borrowers may apply for a PPP Second Draw Loan. ![]()
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