(from multiple sources) The latest COVID relief bill, the Consolidated Appropriations Act, passed on Monday, December 21, outlined parameters for new borrowers of PPP loans and borrowers seeking to receive a second PPP loan (a “second draw” loan). The act appropriates $284.45 billion for both types of new PPP loans, with $35 billion explicitly set aside for first-time PPP borrowers.
Who is eligible?
What are the parameters of the new loans?
What are the terms for forgiveness?
More from CLAMore from VenableRelated contentRegulatory Update: New COVID-19 Relief Bill Includes PPP FundingCOVID-19 Resources#RegulatoryUpdates#Pandemic
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