Summary of Second Draw PPP Loan Program
Summers Compton Wells has prepared a summary of the new Second Draw PPP Loan Program that may be helpful for borrowers who received a first round PPP loan and still had a 25% reduction in gross receipts due to COVID-19. These loans are available beginning the week of January 11, 2021. The application deadline is March 31, 2021. For more information, see the summary linked below.