Within the CARES Act 2 monetary recovery bill signed to your laws to the , the economic Assistance so you’re able to Difficult-Hit Smaller businesses, Nonprofits, and you will Locations Act renews and offers the fresh Income Shelter System authored from the brand-new CARES Act. Congress possess assigned $ billion to help you another bullet from PPP financing (PPP2) to further help smaller businesses and other eligible agencies negatively impacted because of the ongoing COVID-19 public wellness emergency.

That is Eligible?

The general qualification important from the unique PPP-the applicant approve that PPP financing is required to help constant procedures-remains an importance of the fresh new PPP2 loans. Beyond you to definitely, brand new PPP2 both limitations and increases eligibility. Read the rest of this entry »