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Second PPP Application possible?

I received my PPP loan and I have used all of it in 6 weeks for my payroll. In hindsight I could easily have asked for twice the amount I applied for but I was a bit extra cautious in asking for a large loan. Can I apply again for additional funds as I can easily show that I am going to use it for my payroll?

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Comments

  • Brian_SBMBrian_SBM Vice President, Entrepreneurship Administrator admin

    @samcollab At this point, it doesn't appear business owners will be able to apply for a second loan. Only one loan per owner is currently allowed. Now, there's still about $100B in funding available and the June 30 deadline is approaching. It's possible Congress may approve an extension and allow businesses to take out an additional loan, but it's unclear yet if and when that will happen.

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