PPP 2 Update: How to get PPP loan forgiveness. PPP form 3508S. How to File for PPP loan forgiveness. PPP Round 1& 2 Apply Free Online: https://www.womply.com/maxmaher/?utm_source=maxmaher&utm_medium=marketing_email&utm_campaign=ppp&utm_content=leadgen My in-depth moving company course: https://max-maher.teachable.com/p/moving-company-millionaire Get 4 FREE Stocks Valued Between $12-$1600…
Congress has approved $284 billion for another round of PPP loans. PPP loans are forgivable loans meant to go to small businesses to keep their employees hired.
In order to get a PPP loan forgiven.. Meaning the ability to have to loan balance wiped out without having to pay it back you have to spend it on specific items.
Applicable expenses are:
Gross salary, wages, tips, and commissions to employees or yourself if you’re self employed
Paid Leave (any paid leave that isn’t covered by the Families First Coronavirus Response Act)
Employee Benefits Costs
And Rent or Mortgage Expenses
Supplies from Vendors
Property Damage Due to Public Disturbances
If you received a loan the first round you may be able to dip again this second round if you hit a few criteria.
Show a 25% reduction in revenue
Your company can not have over 300 employees..
Your business must have already spent the first round or must plan to use it.
PPP 2 start date
PPP 2 application link
When can I get PPP round 2?
Is PPP 2 available?
How to apply PPP round 2?
How to apply for the first PPP
First PPP application
We have an all new PPP loan forgiveness form for PPP round 1 and 2. I went ahead an broke down how exactly this form works.