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January 20, 2021

Applications for a second draw of the PPP loan are now broadly-available, but the eligibility criteria is more strict. Who can apply? Generally, the second draw is available to small businesses with less than 300 employees that experienced a 25% reduction in gross receipts in a comparable quarter (2020 versus 2019). In addition, the small business must have received and used (or will use) the initial PPP loan for authorized uses. READ MORE

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