PPP (Paycheck Protection Program) - Second-draw  

  • Must have experienced a 25% or more reduction in revenue in comparable quarters (i.e. 2nd quarter 2020 vs 2nd quarter 2019)

  • up to $2 million for eligible businesses that received first-round funding

  • Eligibility requirements include having 300 or fewer employees

 

  • Must have used the entirety of the first-round funding on eligible expenses prior to receiving second-draw funding

 

  • Maximum allowable amount is 2.5 times average monthly payroll, though some eligible businesses (hotels and restaurants) can receive up to 3.5 times their average monthly payroll

 

Ambassador Financial, Inc.

4582 NW Plaza W Dr, Suite 100

Zionsville, Indiana 46077

317-250-5504

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