A Preliminary Overview of “PPP Round 2”

1/6/2021 PPP2 Update: The SBA released initial guidance for the second round of PPP loans. While some information shared in this webinar may change, it’s a good starting point if you’re considering a PPP loan. Stay tuned for updates!

In this preliminary overview of the second round of PPP loans, experts from the SBA, Citizens State Bank, and ASAP Accounting & Payroll share what they know (and don’t yet know) about PPP2 based on info in the Economic Aid Act passed on December 27, 2020.

Watch this webinar for preliminary information on:

  • What’s new in PPP Round 2: Eligibility, loan amount, covered expenses, etc
  • How to prepare for first and second-draw PPP loans
  • Considerations for using both PPP & ERC programs for payroll

We are in the process of reviewing the initial guidance that was just released and will update our PPP resources accordingly. Due to the frequency of guidance updates, we recommend referencing the SBA PPP web page directly for the most update-to-date information, such as forms, rule revisions, and FAQs.

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Disclaimer: This information is provided as a self-help tool and does not constitute legal or financial advice. Laws and regulations change often, and decisions as to whether or how to use this information and/or what actions to take are solely those of the viewe