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ASTRONOVA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

ASTRONOVA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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Paycheck Protection Program Round 2

SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw and Second Draw PPP Loans in January of 2021.
On December 27, 2020, a $900 billion COVID-19 aid package was signed into law as part of the larger omnibus bill funding the federal government. This bill includes $284 billion in new funding for the Paycheck Protection Program (PPP), the federal loan program established to support businesses impacted by this lengthy pandemic.
Now that Congress has reopened the application window for small business owners and entrepreneurs in 2021 to apply for the #PaycheckProtectionProgram, what does that mean and and how do you get one? The deadline to apply for the PPP is ....

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PPP Loans for Freelancers

March 31, 2021.
On December 27, 2020, a $900 billion COVID-19 aid package was signed into law as part of the larger omnibus bill funding the federal government. This bill includes $284 billion in new funding for the Paycheck Protection Program (PPP), the federal loan program established to support businesses impacted by this lengthy pandemic. The SBA has just announced that certain lenders began accepting new PPP loan applications on January 11, 2021.
Can Contractors & Self-Employed Apply For PPP Loans?
The Paycheck Protection Program’s premise is simple: The SBA is backing loans to borrowers that need payroll assistance due to the economic hardships from the coronavirus. Previously, only S/C-corporations, tribal businesses, and businesses with up to 500 employees could apply for loans when the program first launched last April. Now, sole proprietors, independent contractors, and self-employed individuals can apply as well. The terms for the loans are as follows: ....

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PPP 2.0: Expanded Lending For New and Existing Borrowers | Bracewell LLP

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After months of stalled negotiations, Congress has passed sweeping new COVID-19 relief legislation that, among other things, revitalizes and revises the Paycheck Protection Program. The new legislation reopens the program to first time borrowers, provides greater flexibility for how borrowers may use PPP funds and also adds a mechanism by which businesses that already received a PPP loan will be able to take advantage of a new round of “second draw” funding. Notably, the new legislation reiterates and clarifies the safe harbor provision for lenders. Highlights of the legislation are as follows: ....

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Expanded Lending For New and Existing PPP Borrowers

Wednesday, December 23, 2020
After months of stalled negotiations, Congress has passed sweeping new COVID-19 relief legislation that, among other things, revitalizes and revises the Paycheck Protection Program. The new legislation reopens the program to first time borrowers, provides greater flexibility for how borrowers may use PPP funds and also adds a mechanism by which businesses that already received a PPP loan will be able to take advantage of a new round of “second draw” funding. Notably, the new legislation reiterates and clarifies the safe harbor provision for lenders. Highlights of the legislation are as follows:
Timing
The updated lending program is expected to be in place soon, as the legislation requires that the SBA issue effectuating regulations within 10 days of enactment. Under the new law, the PPP program will be open until March 31, 2021. ....

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