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 Did you already apply for Forgiveness for the Second Draw of PPP Loans?

Did you already apply for Forgiveness for the Second Draw of PPP Loans?

These are the terms for forgiveness:

Second Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:

✔ Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan;

✔ The loan proceeds are spent on payroll costs and other eligible expenses; and

✔ At least 60 percent of the proceeds are spent on payroll costs.

Do you have questions or need help filing Form 3508S, contact us!

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