New Round of PPP Loans: What Nonprofits Need to Know
Join Matt Lewis and Julie Treppa in the discussion on "New Round of PPP Loans: What Nonprofits Need to Know."
The Paycheck Protection Program (PPP) is a lifeline for nonprofits and other businesses that are struggling to survive during the pandemic. Round 3, now rolling out, includes updated forgiveness and tax rules, and is available to both first-time applicants and returning borrowers. Join us as we discuss the latest developments including:
- Who is eligible to apply for a First Draw or Second Draw PPP Loan
- When and how to apply
- How to calculate revenue reduction and maximum loan amounts
- When and how to apply for forgiveness