As the discussed from inside the a previous blog post, PPP2 provides this 1 consumers meet the criteria to try to get good second PPP mortgage
This week, new U.S. Small company Management (SBA) and you can Treasury have a tendency to release the brand new revamped Income Defense Program (PPP2). PPP2 commonly reopen now to have very first-go out individuals as well as on Wednesday, January thirteen for 2nd-draw individuals. The newest recommendations put out the other day included two meantime latest rules (IFRs).
The original IFR Company Financing Program Brief Change; an income Shelter Program because the Amended consolidates this new PPP rules getting very first-go out borrowers together with contours alter created by the economic Aid to Tough-Hit Small businesses, Nonprofits, and you may Locations Operate, P.L. 116-260 (the brand new Act). Read more