Moore on Manufacturing: Paycheck Protection Program – Round 2 Update
Originally published on February 1, 2021
Updated on February 28th, 2024
The Paycheck Protection Program is back—but it has specific new requirements to qualify. It also allows first-time loans for those who didn’t get one during the first round of the PPP. In this episode of Moore on Manufacturing, Mike and Carrie cover what manufacturers need to know about qualifying for these loans.
00:10 – Welcome & introductions
00:19 – Differences between Round 1 and Round 2 of the PPP
05:04 – What does “reduction in revenues” mean for manufacturers?
06:00 – Definition of revenues?
08:13 – Changes to loan calculations
10:19 – Deadline to apply and other inclusions
12:42 – Who to turn to for help with PPP
13:57 – SBA software glitches
16:16 – Other information the business owners should be aware of
18:55 – Wrap up
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