Second PPP Loan Eligibility

Key requirement related to the second PPP loan…business must show a decrease of at least 25% in any given quarter compared to the same quarter in 2019:

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Paulie, thank you very much. For calculating the new PPP loan is it 25% reduction in gross receipts in either 1st OR 2nd OR 3rd quarter gross income compared to 2019? Can we cherry pick? We did poorly in 2nd quarter but did well in the last 2 quarters.

Will you count the PPP and PRF funds in gross receipts?

The PRF 2nd round was based on drop in quarterly income comparison. Will PPP round two be considered double dipping?

There is a webinar on PPP 2 at 9 EST. Send an email to Matt@gassmanpa.com with Subject: Round 2 for invite

|### Matt McGartland Matt@gassmanpa.com|Mon, Dec 21, 10:51 AM (19 hours ago)||

to me

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Thank you for your interest in the upcoming webinar.

If you would like to attend live on Tuesday, December 22nd at 9 AM EST, Please join us on YouTube Live using the following address:

The slides will be available in the YouTube description a few minutes before the webinar begins.

If you would like to attend the afternoon replay on Tuesday, December 22nd at 5:30 PM EST, Please join us on GoToWebinar by registering at the following address:
https://attendee.gotowebinar.com/register/9101491584691997968
The slides will be available in the Handout section a few minutes before the webinar begins.

Best regards