Paycheck Protection Program (PPP) Is Back
The December 2020 COVID relief package was one of the final acts of the 116th Congress and, among other actions, it breathed new life into the Paycheck Protection Program (PPP), which was originally created by the CARES Act nearly a year ago. Ten months and countlessfederalregulationslater, the PPP is back with a $284 billion second-draw loan opportunity for small businesses affected by the pandemic and related economic downturn. Will your agency qualify for this round of the PPP? It’s complicated. Here’s an analysis by PIA National on the PIA Advocacy Blog.