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How to Calculate 25% Revenue Reduction for PPP 2nd Draw Loans

How to Calculate 25% Revenue Reduction for PPP 2nd Draw Loans

by Jacob Reiter | Jan 22, 2021 | Borrowing - PPP Lending

How do I know if I met the 25% gross revenue decline rule? “Gross revenue” means any and all revenue received from the sale of products or services.  The measurement period is based on a calendar quarter (January-March, April-June, July-September, October-December)....
The Story Behind Our PPP Success and How We’ll Replicate It for You in Round 2

The Story Behind Our PPP Success and How We’ll Replicate It for You in Round 2

by Jacob Reiter | Jan 10, 2021 | Borrowing - PPP Lending

In the early days of PPP, there was chaos and confusion surrounding the program.  An avalanche of questions came in: “Would the money run out?” “How do I get my loan submitted in time?!” and “I’m not a customer of yours but can I get the PPP loan through you?”  Many...

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