In this episode we discuss the new COVID relief package signed on December 27, 2020, also known as the Consolidated Appropriations Act of 2021. While the Bill provides aid to various segments of the economy such as stimulus checks and expanded unemployment benefits, this video will cover the $284 billion allocated to additional PPP funds.
We will discuss:
1. How to qualify for new PPP loans?
2. Is there a limit to the PPP funds I can receive?
3. How are the new PPP fund amounts calculated?
4. How the new Bill addresses additional expenses paid for by PPP funds, a simplified forgiveness process, and EIDL Advances.
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PPP Round 2: How to qualify for additional funds
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