Do I Qualify For PPP2? 

 Click Here to Find Out



What is an PPP2?   

The Payroll Protection Program2 is the second round of small business loans through the SBA for the purpose of helping small business owners maintain their workforce.

How Do I Get the Loan?

You can apply for the loan through a qualified lender.   You do not have to have an existing relationship with the bank, nor do you have to use the same bank that you use on round 1 of the PPP Loan.

You must have received Round 1 of the PPP Loans before you can get the PPP2 loan.  If you didn’t qualify for PPP1 at the time due to no payroll in 2019, but you had payroll in 2020, you can now qualify for the PPP1 Loan

How Much Can I Get?

The amount of the loan is 2.5 times your average monthly payroll.

You can use either the 2019 or 2020 Total Payroll

You should include Gross Wages, Employee Benefits (Health Insurance, Group Term Life Ins etc), and SUTA

Who Qualifies?

In order to qualify you must show that your gross receipts have decreased 25% in a calendar quarter over the same quarter in 2019.

The decrease does not need to be due to Covid, so if your income has decreased due to a slow storm season you may qualify!

2nd Quarter 2020 (April-June) Your Gross Receipts were $300,000

2nd Quarter 2019 (April-June) Your Gross Receipts were $400,000

The decrease is 25% so you would qualify

Next Steps:

  1. Complete this form to see if you qualify – share this form link with your friends who own businesses
  2. Do not apply for PPP1 forgiveness.  The deadline isn’t until Fall 2021 and you could miss out if you apply now
    1. Are there other credits you may qualify for?  Check out