Ppp Loan Application Round 2. Ppp now allows certain eligible borrowers that previously received a ppp loan to apply for a second draw ppp loan with the same general loan terms as their. Second draw ppp loans are limited to.

Under the new bill, borrowers can have their ppp loan forgiven and will be able to deduct their payroll and other qualifying expenses on which they used their ppp. The us sba and treasury released guidance for the revived and reconstituted paycheck protection program.