Second Draw PPP Loans: Heres What You Need To Know

Author: External Author | | Categories: Accounting , Accounting Firm , Filing Taxes , Personal Accountant

Blog by J&R Accounting Group LLC

The Treasury Department has reopened the Paycheck Protection Program (PPP), following new guidance on the small business forgivable loan program. The new terms aim to quell the earlier criticisms of the relief effort. Some 5,400 businesses have received about $520 billion to date, but the aid program has been plagued by confusion surrounding forgiveness eligibility and complaints that the smallest businesses were unable to gain access to much-needed support.

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Original Article Source Credits:   Forbes ,

Article Written By:  Robin Saks Frankel

Original Article Posted on:   Jan 20, 2021

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