1900 Market St Street | 8th Floor | Philadelphia, PA 19103 | 215.546.6719 | email: centercity@centercityresidents.org   Travis Oliver, Operations Manager

What Business Owners Need to Know about the Latest Round of PPP

21 Jan 2021 1:19 PM | Travis Oliver (Administrator)

The federal Paycheck Protection Program (PPP) has reopened applications for eligible businesses. Businesses that did not receive a PPP loan last year (“First Draw” businesses) are eligible to apply if they have 0-500 employees. Businesses that received a PPP loan last year and are seeking another PPP loan (“Second Draw” businesses) are eligible to apply if they have 0-300 employees. Sole proprietors may be eligible to apply. Existing borrowers who did not receive loan forgiveness by December 27, 2020 are eligible to reapply for a First Draw PPP loan if they previously returned some or all of their First Draw PPP funds.

What Business Owners Need to Know about the Latest Round of PPP | Department of Commerce | City of Philadelphia

 

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