Huntsville/Madison County Chamber: PPP Round 2 Portal Is Open

From the Chamber of Commerce of Huntsville/Madison County:

January 11, 2021

Small business owners, please join us for the Huntsville/Madison County Chamber’s monthly Zoom meeting on Wednesday, January 19th, at 2 PM. For this meeting, we have invited Roderick Perkins, SBA Lead Lender Relations & Economic Development, to talk with us about the second round of the Paycheck Protection Program (PPP). Pammie Jimmar, the Chamber’s Vice President of Small Business & Events, explains in the video above about what you need to include in your application.

The portal opened on Monday, Jan. 11. Visit SBA.gov to submit your application.

On this webinar, we will discuss all of the documents you need, which businesses qualify, and answer any questions you have. There are many new changes to this bill, one being that the new bill offers a second PPP Loan for companies with fewer than 300 employees who suffered a 25 percent drop in any quarter’s revenue from 2019 to 2020.

Documents needed:

• 2019 & 2020 Tax Returns
• 2019 & 2020 Internal Financials
• 2019 & 2020 Profit & Loss Statements
• 1099 Misc. Form
• NAICS Code
• Payroll Documentation
• Lease/Rent Agreement
• Mortgage Interest Statements
• Utility Statements
• Documentation for all other covered expenses

Don’t forget to join us on January 19th for the Zoom meeting!

This press release was produced by the Chamber of Commerce of Huntsville/Madison County. The views expressed are the author's own.