Second Round Of PPP Funds Now Available

The race is on.
The Small Business Administration (SBA) is set to take applications for the second round of the Paycheck Protection Program (PPP) as of 10:30 a.m. on Monday (April 27).
President Donald Trump signed the $484 billion COVID-19 rescue bill on Friday (April 24). It includes $310 billion in new money for the latest bailout. The first round of PPP funding ran out of cash within days of being released on April 3.
“The PPP has supported more than 1.66 million small businesses and protected over 30 million jobs for hardworking Americans,” Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza said in a joint statement. “With the additional funds appropriated by Congress, tens of millions of additional workers will benefit from this critical relief.”