SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
… existing PPP borrowers to apply for a Second Draw PPP Loan. “The historically successful Paycheck Protection … Key PPP updates include: PPP borrowers can set their PPP loan’s covered period to be any length between 8 and 24 weeks … PPP borrowers can request to modify their First Draw PPP Loan amount; and Certain existing PPP borrowers are now …