What You Need to Know About the Paycheck Protection Program’s Second Draw

Image of the Capitol superimposed on dollar bills.

Image of the Capitol superimposed on dollar bills.

Did you miss phase 1 of the Payroll Protection Program? Can you use Payroll Protection funds now? On December 27, 2020, the long-anticipated $900 billion COVID-19 relief bill was signed into law. This law delivers an additional $284 billion in Paycheck Protection Program (“PPP”) funding to small businesses.