SBA

@SBAgov ↗

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Last Checked Feb. 10, 2021

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Thu Jan 14 15:34:37 +0000 2021

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SBA @SBAgov

Second Draw PPP Loans are for eligible small businesses with 300 employees or less, that previously received a First Draw PPP Loan... — PolitiTweet.org

Posted Jan. 14, 2021

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SBA @SBAgov

First Draw PPP Loans are for those borrowers who have not received a PPP loan before August 8, 2020. The first round of the PPP, which ran from March to August 2020, helped 5.2 million small businesses keep 51 million American workers employed. — PolitiTweet.org

Posted Jan. 14, 2021

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SBA @SBAgov

...and will use or have used the full amount only for authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million. — PolitiTweet.org

Posted Jan. 14, 2021