PPP Second Draw Loans (PPP #2) Camps can get 3.5X the average monthly payroll! That’s an increase from 2.5x in PPP#1. (The bill text says that it is the average monthly payroll using the full year of 2019, not the any 12-week seasonal calculation. This is possibly an oversight and SBA may allow the seasonal calculation for 3.5x). As of now, choose either 2.5x seasonal 12 week calculation or 3.5x annual 12 month calculation.
PPP Second Draw Loans
PPP Second Draw Loans
PPP Second Draw Loans
PPP Second Draw Loans (PPP #2) Camps can get 3.5X the average monthly payroll! That’s an increase from 2.5x in PPP#1. (The bill text says that it is the average monthly payroll using the full year of 2019, not the any 12-week seasonal calculation. This is possibly an oversight and SBA may allow the seasonal calculation for 3.5x). As of now, choose either 2.5x seasonal 12 week calculation or 3.5x annual 12 month calculation.