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4 Reasons Why You Should Apply For A Second PPP Loan


Channel3000.com
January 28, 2021 1:24 PM
Robin Saks Frankel - Forbes Advisor
Posted:
Updated:
January 30, 2021 7:26 AM
The Paycheck Protection Program (PPP) is back and now includes the option to apply for a second draw of funds. Now, any eligible business can apply for a PPP loan, whether it’s their first time applying for the small business relief program or they’re seeking another slice of financial support after receiving a first loan. The application deadline is March 31.
But just because more money is available, does that mean you should apply?
“As long as you qualify for the second draw and you’re still in business with employees and normal operating expenses, it is highly beneficial to you to take the money,” says Benjamin Johnston, chief operating officer of Kapitus, a provider of small business financing. The company, through partnerships with Cross River Bank and several others, helped hundreds of companies with the ap ....

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