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News & Alerts

Guidance & Resources for Applying for Second Round of PPP

1/11/2021

 
Last week, the Small Business Administration (SBA) and Treasury released their official guidance on how the second round of PPP will work.

SBA announced the reopening of PPP the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions are be able to make First Draw PPP Loans starting on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter.

We encourage you to refer to the National Restaurant Association's PPP Policy Update/User Manual for a distilled version of the new PPP guidance and to work directly with your lender and accountant as each operation will likely have unique and specific nuances that fit their individual situation.
​
Useful Resources
  • Policy Update/User Manual for Restaurants – Second Draw PPP
  • NEW Application for Second Draw PPP
  • Updated Application for First Draw PPP
  • Top-Line Overview of First Draw PPP Loans
  • Top-Line Overview of Second Draw PPP Loans
  • Interim Final Rule #1 – PPP as Amended by Economic Aid Act
  • Interim Final Rule #2 – PPP Second Draw Loans
  • Accessing Capital for Minority Underserved, Veteran and Women-Owned Business Concerns Guidance
  • Procedural Notice – Modifications to SBA Forms 3506, 3507 and 750 CA (PPP only)
  • Procedural Notice - SBA Procedural Notice on Repeal of EIDL Advance Deduction Requirement

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Picture
  • Membership
    • Member Login
    • Membership Savings >
      • Manufacturer Rebate Program
      • Employee Retention Credit
      • FICA
      • Lending
      • RestaurantOwner
      • Property & Casualty
      • Workers Compensation
      • Credit Card & Payroll Processing
      • Health Solutions
      • Entertainment
      • Music Licensing
      • Other Products & Services
    • Restaurants
    • Suppliers >
      • Members Only Login
      • Supplier Member Benefits
      • Interested in Joining
      • Live Events
      • Sponsorships
      • Advertise
      • Donate
      • Get Involved
    • Easy Renew
    • Referral Program
    • Join
  • Resources
    • Members Only
    • Business Support >
      • AskWRA
      • Supplier's Directory
      • National Restaurant Association
      • Laws & Regulations
      • Publications
      • Materials to Purchase
      • Popular Topics
    • For Diners >
      • Dining Guide
      • Gift Certificates
    • Solutions on Staffing
    • Humans Of Hospitality >
      • Humans of Hospitality - Share Your Story
    • Industry Insights >
      • The Pulse
    • Tax Credits
    • News & Alerts
  • Advocacy
  • Events & Training
    • Calendar
    • Events >
      • Live Workshop Presented by Google: Optimizing Your Google Business Profile!
      • Restaurant Resource & Products Roadshow
      • Top 20 Women to Watch
      • Women in Hospitality Conference
      • Cheers to Hospitality
      • WRA Northern Shootout
      • Wisconsin Food & Hospitality Expo
      • Dine for ProStart
    • Food Protection Manager Certification
  • ServSafe
  • Foundation
    • ProStart
    • Scholarships
    • Get Involved >
      • Volunteer
    • Endowment Fund
    • Board of Directors
    • Donate
  • About
    • Our Team >
      • Staff
      • Board of Directors
      • Careers
    • Our Mission
    • Contact Us & Hours
    • Chapters
    • Awards >
      • WIHC Top 20 Women in Hospitality
    • Press Releases