May 9, 2021

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New Small Business PPP Loans: How to Apply

4 min read

By Kelsey Sheehy

Small businesses hit hardest by the coronavirus pandemic can soon receive a second forgivable loan under the newly revived Paycheck Protection Program. Congress designated $137 billion for “second-draw” loans as part of a larger funding and relief package. The bill, signed into law on Dec. 27, includes a total of $284.5 billion for PPP loans.