$284 billion. That’s how much additional Paycheck Protection Program (PPP) funding is now available after the latest
COVID-19 relief bill was signed into law. First-time borrowers and “second-draw” borrowers can apply for a forgivable loan from the Small Business Administration. It’s important to note that “PPP Round Two” is not the same as “PPP Round One” including new eligibility requirements for second-time borrowers.
George Shaw, CPA and Kimberley Train, CPA, ABV, co-leaders of DGC’s PPP Loan Forgiveness Team,
hosted a webinar on Wednesday, January 13th. They provided attendees with a complete overview of PPP Round Two and discuss topics such as:
• Eligibility requirements for second-draw loans
• Size of second-draw loans
• Gross revenue
• Expansion in allowed costs
• Tax treatment
• Forgiveness process
• Impact of PPP on mergers and acquisitions
• What we have learned since PPP Round One
Presenters:
DGC has a proven process that utilizes our sophisticated model and incorporates our data analytics experience and accounting expertise to maximize PPP Loan forgiveness. If you have questions, please contact a member of your DGC client service team or George Shaw, CPA at 781-937-5125 / gshaw@dgccpa.com or Kimberley Train, CPA, ABV at 781-937-5112 / ktrain@dgccpa.com.
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