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Webinar: Paycheck Protection Program “Second Draw” Loans
January 13, 2021 @ 1:30 pm - 2:30 pm
Small businesses hit hardest by the coronavirus pandemic can soon receive a second forgivable loan under the newly revived Paycheck Protection Program. Congress designated $137 billion for “second-draw” loans as part of a larger funding and relief package. The bill, signed into law on Dec. 27, includes a total of $284.5 billion for PPP loans. Businesses that need help beyond their initial loan will be able to apply for a second loan, provided they can show substantial revenue decline and meet other requirements.
Join presenters from Eastern Bank & People’s United Bank as they discuss what it takes to qualify. Do not miss your chance to take advantage of another round of PPP loans.
David Galla, Vice President, Business Banking, People’s United Bank
Patrick Lorent, SVP, Commercial Division, SBA Lending, People’s United Bank
Charles Smith, Senior Vice President, SBA Program Manager, Eastern Bank