PPP2 Loan Applications Released
The SBA released loan applications for the PPP2 reboot. Applications open for first time borrowers on Monday and for second draw applicants this Wednesday. The applications can be found at the following web addresses.
First Time Borrowers
https://www.sba.gov/document/sba-form-2483-paycheck-protection-program-borrower-application-form
Second Draw Borrowers
https://www.sba.gov/document/sba-form-2483-sd-ppp-second-draw-borrower-application-form
First Time PPP Loan Borrower Requirements
1 – Businesses in operation on February 15, 2020
2 – Sole Proprietors, Independent Contractors, NFP’s, and other entities with less than 500 employee that qualify for other SBA 7(a) loans
Second Draw Borrower Qualifications
1 – Loans up to $2M
2 – Less than 300 employees
3 – Have already used the full amount of their first PPP Loan
4 – Have experienced a revenue reduction in all or any one quarter of 2020 as compared to same time period in 2019
Let me leave you with this.
“We are not enemies, but friends. We must not be enemies. Though passion may have strained it must not break our bonds of affection. The mystic chords of memory, stretching from every battlefield and patriot grave to every living heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.”
President Abraham Lincoln from his first inaugural address
Citizenship is a sacred obligation. Being a citizen means that you have inalienable rights including those as defined in our Bill of Rights. We certainly have the right to Free Speech and Assembly, but with all rights come responsibilities. One may certainly say whatever they want as long as they are willing to suffer the consequences. We certainly have the right to Free Assembly, as long as that assembly is done in a peaceful and law abiding manner.
As President Lincoln so eloquently said, it’s time for us to listen to “the better angels of our nature.” It’s also time for us to
Think rather than follow our emotions blindly
Seek compromise rather than conflict
Act with understanding rather than rage
Love all of our brothers and sIsters that may have differing views
I call upon all of you, whatever your individual views happen to be, to dial down the rhetoric, to be moderate in your personal conduct, and to stop the hate.
If this insanity continues, our union will certainly fail.
We’re all going to get through this. Let’s get through it together.
Accounting solutions Ltd. stands ready to complete our mission and purpose of protecting you, your family, and your business. If there is anything you need, whether you are a current client or not, you have but to ask. I’m here and I remain,
Sincerely yours,
Chris Amundson
President
Accounting Solutions Ltd.
773-267-7500
www.AccountingSolutionsLtd.com
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