We are once again providing all of our clients with the new Second-Draw-PPP program. Ever since we launched our pre-application, many of you have been asking a lot of the same questions. We wanted to give you the answers and for those that haven’t yet, the opportunity to get started with your application.
Can I get it again if I received round 1?
Yes. As long as you meet requirements including, but not limited to, less than 300 employees and can show a quarter vs quarter decline (2019 – 2020)
Is this also going to be forgivable?
Yes. For those less than $150K, a new one-page application process makes it even easier than last time.
I don’t have payroll… I am a sole prop/independent/single employee. Can I still apply?
Yes. Even without payroll reports, you will be able to use bank statements, Schedule C, 1099s, etc.