Paycheck Protection Program

First and Second Draw Information for Businesses

• Forgivable Loan for those that adhere to expense rules - 2x average monthly payroll

• Expanded allowable expenses

• Easy one page forgiveness form for loans under $150,000

• Ability to deduct expenses paid with PPP funds

• Funds are not taxable as income

• Restaurants and Hotels can qualify for 3x average monthly payroll

• Opportunity for 2nd draw for those who received PPP funds in 2020

  Join the African American Business Association and Mark Ferguson from the Small Business Administration (SBA) for this informative session on the ins and outs of PPP applications and forgiveness!