How to apply for the ppp loan youtube with no doubt
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I’ve heard that the smaller the bank, the easier it is to obtain ppp through them. All eligible borrowers must have been in operation on or before february 15, 2020. Step by step process for applying using womply step 1:
The calculation of the eligible ppp loan amount for most eligible borrowers is 2.5 times the average total monthly payroll costs for 2019 subject to the $2 million maximum ppp.
If you have not received your forgiveness application link, please email pppforgiveness@compeer.com. Second draw ppp loans require additional documentation to prove a 25% revenue reduction when comparing your 2020 income to 2019. If you have not received a ppp loan before, first draw ppp loans are available to you. We built fast lane as a simple, 5 minute process to help you get your ppp application submitted asap.
