PPP2 Application Forms Released
After the new COVID-19 relief bill was signed into law on December 27, 2020, $284.5 billion became available to the second installment of the Paycheck Protection Program (PPP2) loans. $35 billion has been set aside specifically for those who are applying for a PPP loan for the first time, and another $15 billion has been reserved especially for community financial institutions (CFIs). First and second-time borrowers will be able to qualify for PPP2 funds.