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What Small Businesses Need to Know About the Second Draw PPP Loans

March 9, 2021

PPP Part Two: What Your Small Business Needs to Know The second draw of the U.S. Paycheck Protection Program (“PPP”) permits an additional $285 billion in loans to pandemic-impacted businesses at an interest rate of one percent and with five-year maturation. PPP loans are not subject to collateral or personal guaranty requirement. An entity…

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