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May 11, 2020 · PPP Loan Developments: Only $120 Billion Left, Favorable Forgiveness Guidance from SBA and IRS Tax Pitfall Round 2 of small-business funding is winding down, and business owners are now facing ... Jul 23, 2020 · There may be a second PPP round Recently, Senate Majority Leader Mitch McConnell said that a new stimulus package is in the works that will include a targeted second round of PPP loans for those ...

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Dec 29, 2020 · More from Footwear News. Retail Leaders Applaud Passage of Bill to Boost Stimulus Payments to $2,000 -- Why Those Payments Could Remain at $600 ... While the initial round PPP of funding was rife ...
May 12, 2020 · Good news: the second round is going much smoother. In the first round, the SBA issued guidance the night before applications opened. Everyone was working around the clock to accept applications, process them, and disburse funds, with the SBA issuing guidance for the next steps along the way. Dec 28, 2020 · The so-called “Second Draw” PPP will be limited to companies with fewer than 300 employees, down from 500 in round one, who can show at least a 25 percent drop in revenue for any one quarter ...

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Oct 30, 2020 · The NFIB Research Center released its latest survey on the impact COVID-19 has had on small businesses, the 13th survey since early March. If eligible, about 75% of small businesses reported they would apply or consider applying for a second Paycheck Protection Program (PPP) loan. About half (52%) of owners anticipate needing additional financial support… [More]
PPP Round 2. Close. 1. Posted by 8 days ago. Comments are locked. PPP Round 2. ... This will be big news, on both print and digital as well as on the news. You will ... Dec 26, 2020 · PPP News Congress has approved $284 billion for another round of PPP loans. PPP loans are forgivable loans meant to go to small businesses to keep their employees hired. In order to get a PPP loan forgiven.. Meaning the ability to have to loan balance wiped out without having to pay it back you have to spend it on specific items.

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Good News For Restaurants And Other Food Service Providers Taking Second Draw PPP Loans
Apr 21, 2020 · The Post also reports sources inside the Hill who believe this second round might not be enough to meet the surging demand for relief. For small businesses, Congress aimed to build off the progress made with the first round of PPP funding by focusing $60B of this second round on smaller financial institutions and “mom and pop” shops that ... “Through May 1st, the Paycheck Protection Program (Round 2) has processed 2,211,791 loans valued at $175,743,247,908 with participation from over 5,432 lenders nationwide.” In Colorado so far,...

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Dec 23, 2020 · News organizations, high-end co-ops and talent agents will have a better shot at getting a PPP loan in round three.
Dec 22, 2020 · The new PPP round, laid out in detail here, would provide loans of up to $2 million for the hardest-hit businesses, those that saw at least a 25% revenue drop in a quarter in 2020 compared to the ... The original $350 billion of funds allocated for the PPP are expected to run out this week. With the second round coming soon, Creative Capital is sponsoring a free webinar, presented by WilkinGuttenplan CPAs & Advisors, geared on providing you with important updates on the PPP and what you need to know for round two.

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Dec 29, 2020 · That first PPP loan only lasted a few months, but small businesses are getting another shot at survival. Under the new COVID relief bill, a second round of PPP loans are coming along with some new rules. There is a cap of $2 million, and businesses applying for assistance must have under 300 employees.
Dec 22, 2020 · Details on companies that got PPP loans 06:44. In all, just 370,000, or about 7%, of the more than 5.2 million loans granted through the program have qualified for forgiveness as of November 22 ... Nationally, the $349 billion earmarked for PPP was exhausted by April 16. But a second round of funding for $320 billion was signed into law on April 24. Babcock said their average loan was about $106,000 — approximately $130,000 in the first round and in the $30,000 range in the second round.

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Nov 18 BREAKING NEWS: Timing & Taxability of PPP Loans. ... Oct 15 PPP Loans = Surprise Taxes ... Aug 9. Aug 9 Stimulus Round 2 Update: Checks, unemployment, PPP and ...
PPP Round 2: Bankers hope rules are clear before rollout begins - Philadelphia Business Journal The Business Journals · 3 days ago #PPP Round Two is on its way, and local banks are hopeful the federal government sorts out all the rules before making it live. Here are other details to know.