The Paycheck Protection Program (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. The last day to apply for and receive a Second Draw PPP Loan is March 31, 2021. 2nd Draw Loan Eligibility To be eligible, one must have: Previously received a First Draw PPP Loan and will or has used the full amount ONLY for authorized uses: mortgage costs, property damage, and other operational
