லூசில் டோரஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Feb 11, 2021
Lyons Gate Group owner Jose Williams received a $16,000 Paycheck Protection Program loan last year and has applied again under the current round of PPP funding.There’s federal money up for grabs again for pandemic-hit owner-operators and small fleets, with about seven weeks left to apply.
The process for effectively turning a Paycheck Protection Program loan into a grant has been simplified since the first time it was offered, and in other ways the program is less restrictive than in PPP’s first round.
One drawback, however, is a hurdle for businesses looking to get a second loan. PPP2 requires a borrower to have suffered a drop of at least 25% in revenue for any quarter in 2020 compared to the same quarter in  2019. Many small trucking operations took a severe hit during the spring, enough to log a dismal quarter that would qualify for that 25% decline.  ....

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