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re: Second Round PPP Loan through Capital One
Posted on 2/24/21 at 10:11 pm to hubertcumberdale
Posted on 2/24/21 at 10:11 pm to hubertcumberdale
Is it the same amount as the first? Or can you apply for more?
2
Posted on 2/25/21 at 7:16 am to Jjdoc
quote:
Is it the same amount as the first? Or can you apply for more?
It's all dependent on your payroll costs. If your payroll is higher this time around then the loan amount is higher. Our 2nd PPP loan was 15% higher than the first.
Can the rest of you keep your political and racial nonsense off this board please. This is the Money Board. We help people here and we don't come here with axes to grind or political crap. Take it to the Politics Board.
Posted on 2/25/21 at 7:24 am to Jjdoc
I never took a first draw so I took the first draw on the second PPP round. I got 2.5x my average 2019 monthly net profit. I think the second draw is the same but not positive
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