PPP Loan Forgiveness Just Got Easier
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So if we didn’t have a decrease of 25% in any of the four quarters from last year (we were able to receive a loan the first round and has been forgiven) we automatically don’t qualify for this second round loan?
We are a small company and it would be less than the $150k but it sounds as if we are not eligible for this second round simply due to the lack of 25% decrease in revenue, is this correct?
8 Replies
Justin Schaal
from Decatur Countertop
That’s the same ? I have. Wasn’t sure if to move forward on trying to get PPP second round. If any one can help would be great!!
Thanks
Jeremy Topps
from JOT Marketing & Consulting
Only if you are looking to take out a second loan here try https://www.7figurescredit.com/?a_aid-jotmarketing
Glenn Bates
from Bear Country Jewel Condo
Correct. You get punished by our government for doing a good job. They will take money from you and give it to people who are poor managers. People who make a lot of mistakes. And since they will get paid for making those mistakes, they will not learn from their mistakes and continue to make more mistakes. And the cycle will continue.
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