So, what was in the bill? It was a quick 600+ pages of dolling out dollars!
Forgiveness
The SBA pushed out guidance on the new “PPP Second Draw Loans” yesterday. While we still don’t have sight of the application and the “portal” isn’t open for banks to submit loan packages we do have more answers – not all, but more.
What do liquid lunches, PPP, Unemployment, and Cape Cod Bridges have in common? This bill.
So once again, the old adage proves true – there’s no such thing as a free lunch! Updates, thoughts, and guidance on the PPP on this very interesting MayDay.