The Cleveland/Bradley Chamber of Commerce will host a virtual Paycheck Protection Program loan update Friday, Feb. 26 at 8 a.m. The session will be led by Ann Zack, small business specialist from the Tennessee Small Business Development Center at Cleveland State Community College.
The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act was passed in the final days of 2020 and set aside $284.45 billion for Second-Draw PPP loans. In this session, Ms. Zack will answer the 20 most frequently asked questions about the latest round of PPP, including:
Who is eligible to apply for a second-draw PPP?;
Do I need to reapply to get a second-draw PPP?;
Can I use payroll costs from 2020 to determine my maximum PPP loan amount?;
I am an independent contractor.
Can I get a PPP?; and
Where can I find a lender for the PPP?
This session is free for Chamber members and $10 for non-members. Go to the events calendar at ClevelandChamber.com for more information and to register.