Moore on Manufacturing with James Moore & Company

S2E2 - Moore on Manufacturing: Paycheck Protection Program Round 2 Update

February 2, 2021

The PPP is back—but it has specific new requirements to qualify. It also allows first-time loans for those who didn’t get the original PPP. In this episode of Moore on Manufacturing, Mike and Carrie cover what manufacturers need to know about qualifying for these loans.

00:10 – Welcome & introductions
00:19 – Differences between Round 1 and Round 2 of the PPP
05:04 – What does “reduction in revenues” mean for manufacturers?
06:00 – Definition of revenues?
08:13 – Changes to loan calculations
10:19 – Deadline to apply and other inclusions
12:42 – Who to turn to for help with PPP
13:57 – SBA software glitches
16:16 – Other information the business owners should be aware of
18:55 – Wrap up

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