Real Estate Coaching Radio

Revived Paycheck Protection Program Outline Key Highlights - New Paycheck Protection Program (PPP) runs through March 31- This is second cash infusion – you CAN get PPP relief aid in this second round- This is all we know so far... The Paycheck Protection Program (PPP) is back for another go.This revived PPP will run through March 31. If you applied and received PPP aid in the first go-around, you can apply and, hopefully, receive money again. The PPP package contains $285B to eligible small businesses for additional loans even to businesses that received PPP loans before as well as to first-time business applicants. Here are the specifics we know at this point: - Runs through March 31- Program reopened to businesses that have already received help plus “new” small business applicants- Loans are tax-free- Loans guaranteed by the Small Business Administration but made by banks and other lenders- SBA spokesperson – “next round of PPP (to be) launched as quickly as possible”- Funds can be used for payroll, rent,