NH businesses can now apply for new PPP loans
Eligibility expanded for next round of relief funds Share Updated: 7:08 PM EST Jan 12, 2021
Eligibility expanded for next round of relief funds Share Updated: 7:08 PM EST Jan 12, 2021
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Show Transcript TIMERS, THOSE THAT GOT FUNDS LAST YEAR CAN REAPPLY. CAVA TAPAS AND WINE BAR IS AMONG MANY PORTSMOUTH RESTAURANTS HELPED BY PPP LOANS IN 2020. ITS CO-OWNER NOW APPLYING FOR ROUND TWO. THAT WILL CAP DEFINITELY HELPED TO GENERATE SOME REVENUE FOR THE BUSINESS COMING OUT OF THIS VERY SLOW WINTER. JENNIFER: OVER 24,000 NEW HAMPSHIRE BUSINESSES SHARED $2.6 BILLION IN PAYCHECK PROTECTION PROGRAM LOANS LAST YEAR. THE NEW ROLLOUT INCLUDES OPTIONS FOR FUND USE FROM 8 TO 24 WEEKS AND THEY CAN BE USED FOR MOR THINGS. THEY STILL HAVE TO USE IT FOR 60% PAYROLL COSTS TO GET MAXIMUM FORGIVENESS, BUT THEY CAN NOW USE IT TO PAY FOR PPE AND OTHER SAFEGUARDS, HEALTH REMEDIES THEY NEED TO TAKE AT THEIR B