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For those organizations that did not apply for COVID relief through the first round of the Paycheck Protection Program (PPP), a second round begins today.
Key provisions include:
A borrower is generally eligible for a second draw PPP loan if the borrower:
More information is available from the SBA:
National Council of Nonprofits Nonprofit Town Hall – Wednesday, January 13
This webinar will provide additional information on the new law. Learn about provisions that will expire in just a few weeks and others that will last only a few months. Find out, too, which provisions will help your nonprofit, and what you need to do to take advantage of them. The webinar is free. Register here.
Stay tuned for an announcement for a Foraker webinar covering Alaska-based PPP information for nonprofits. As always, contact us if you have questions.