Q: The 2021 Consolidated Appropriations Act included another round of loans through the Payroll Protection Program (PPP). Who qualifies for the loans and related loan forgiveness? Can I get the loan again if I received monies under the prior PPP Program? Did the legislation include any changes to qualified expenses for the forgiveness of the PPP loans?
A: The new loans through PPP are available to first time qualified borrowers and businesses that had a loan in the prior PPP program. Borrowers may qualify to receive