2021 Webinar: January 26 - PPP & EIDL Information for Businesses

Paycheck Protection Program (PPP) First and Second Draw, PPP Forgiveness and EIDL Information for Businesses

Please join the Joliet Chamber along with Bo Steiner, District Director Office of Field Operations for U.S. Small Business Administration and Congressman Bill Foster for a virtual conference about PPP & EIDL updates for businesses.

Points to be addressed:

• 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 second draw for those who received PPP funds in 2020
• EIDL/Advance update