Client AlertsNonprofitSecond Draw PPP Loan Eligibility: Calculating “Gross Receipts” in the Non-Profit Context
Many organizations are in the process of determining whether or not they are eligible to receive a second draw Paycheck Protection Program (“PPP”) loan. Although many of the eligibility requirements for second draw PPP loans are the same as for first draw PPP loans, second draw PPP loans have additional eligibility requirements. In particular, an...