BBB Business Tip: Second Draw PPP Loans available
Milwaukee , Wis. – Business owners who received a loan under the Paycheck Protection Program may qualify for the Second Draw PPP Loan. At least $25 billion is being set aside for eligible borrowers with a maximum of 10 employees, or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods. The same general loan terms are applicable as the First Draw PPP Loans with a few changes. What is the Second Draw Paycheck Protection Program? The Second Draw Paycheck Protection Program can be used to help fund payroll costs, including benefits. Funds can also...
Source: urbanmilwaukee.com