How to get PPP1 and PPP2 before the May 31st application deadline (get a first and second draw)

Many PPP borrowers have gotten loans in January, February, March, and even April of 2021, and they are wondering if there is still time to get a second PPP loan. Well, the answer is YES! Definitely they can, but they need to know how to apply in the right timing in order to get the first and second draw loans (PPP1 and PPP2).

Download my spreadsheet here: https://claracfo.podia.com/ppp-budget-planning

The trick to understanding if you can get two PPP loans in 2021 is understanding the timing, disbursement dates, and covered periods of your loan. Some strategic planning can go a long way with these loans. Sole Proprietors, Independent Contractors, Partnerships, and Farmers can all use there tips to make sure they can get 2 loans in time.

Make sure you are eligible for PPP2: https://youtu.be/IwuW6_2H4uo

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Hannah Smolinski is a #CPA and the Founder of Clara CFO Group.

Find out more about Clara CFO Group at https://claracfo.com/

Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.

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