Before we get to PPP #2, here's what you need to know about PPP #1. On April 27, the SBA changed the rules for seasonal businesses to determine the size of their loan. They allowed seasonal businesses to choose any 12-week period over Spring and Summer 2019 as their base period. In mid-May, the SBA gave businesses that had already received a loan before April 27 a few days to request a loan increase based on the new rules. Most camps missed this window.
Increasing the size of your first PPP loan
Increasing the size of your first PPP loan
Increasing the size of your first PPP loan
Before we get to PPP #2, here's what you need to know about PPP #1. On April 27, the SBA changed the rules for seasonal businesses to determine the size of their loan. They allowed seasonal businesses to choose any 12-week period over Spring and Summer 2019 as their base period. In mid-May, the SBA gave businesses that had already received a loan before April 27 a few days to request a loan increase based on the new rules. Most camps missed this window.