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Highlights of the 2nd round of PPP loan provisions included in the Coronavirus Relief bill recently signed into law on December 27th

By Joseph A. Mastriani, CPA/PFS, CFP, Shareholder | Buckno, Lisicky & Company The new legislation allocates around $284 billion and refers to the new loans as second draw loans. The loan limit is $2 million, and the amount a small business will qualify for is determined by taking their average monthly payroll in 2019 and multiplying…

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