The Paycheck Protection Program (PPP) has reopened with new eligibility and forgiveness rules. Hear from experienced Chugh CPAs, LLP Senior Accountant Pooja Srivastava on some exciting new PPP loan regulations and learn more about how your business can qualify for funding.
Day: January 11, 2021
A second round of Paycheck Protection Program loans (PPP) will reopen on Monday, January 11, 2021. Initially, PPP loans will only be available through financial institutions that serve women- and minority-owned businesses. PPP loans will open to first-time borrowers through those institutions on Monday, and to second-time borrowers on Wednesday, January 13. PPP loans will be available through all institutions “shortly thereafter,” according to the Small Business Administration and United States Treasury. The closing date for applications for the second round of PPP loans will be March 31, 2021.