How to apply for the ppp loan and get approved with different angle
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The official answer from the sba is that in order to apply for your second ppp loan, you have to wait at least eight weeks from the date you got the ppp one funds. If everything is in order, the sba reserves your funds and assigns an approval number called a plp (preferred lending partner) number. 1) to offer funding to small businesses that didn’t receive a ppp loan the first round and 2) to give certain qualified businesses the chance to get a second ppp loan.
Similar to applying for a loan, you’ll need to have the necessary planning and financial documents, including a robust executive summary, ready to demonstrate why they should invest in you.
Sba, in consultation with the department of the treasury, has determined that the following safe harbor will apply to sba’s review of ppp loans with respect to this issue: Similar to applying for a loan, you’ll need to have the necessary planning and financial documents, including a robust executive summary, ready to demonstrate why they should invest in you. If line 7 shows $0 or less, you do not qualify for a ppp loan. Automated first and second draw loan applications.
