First Draw and Second Draw PPP
Now available from all financial institutions offering the PPP.
If you qualify, today is the first day you can start the application process for your forgivable Second Draw PPP loan through the big banks like Chase, Wells, Bank of America, and even Blue Vine.
In a nutshell, your business qualifies if gross receipts were down at least 25% in any 2020 quarter compared to that same quarter in 2019.
If you did not apply for the First Draw PPP forgivable loan, you can do that now without the 25% qualification.