WHS, LLC

(443) 918-8561, (443) 918-8268, (443) 918-8420

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    • Home
    • Our Team
    • Tax Forms
    • Tax Law Updates
    • FAQ
    • Contact Us
    • Refund Status

(443) 918-8561, (443) 918-8268, (443) 918-8420

WHS, LLC

  • Home
  • Our Team
  • Tax Forms
  • Tax Law Updates
  • FAQ
  • Contact Us
  • Refund Status

Payroll Protection Plan - 2nd Round

       The SBA will re-open the Paycheck Protection Program from January 11 through March 31, 2021 for eligible small businesses, including:       


First-time borrowers with 500 employees or less who were in operation before February 15, 2020, and

Existing borrowers with 300 employees or less who received a PPP loan under the original Act (aka PPP First Draw Program), and

  • Have used or will use the full amount of the initial PPP loan for eligible expenses, and
  • Have had a reduction in gross receipts of at least 25% in any quarter in 2020 compared to the same quarter in 2019.

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