BCEDC Member, Greenbriar Capital, helps with Second Round of PPP loans
As Congress has approved a second round of PPP loans with a maximum new loan amount of $2 million, Greenbriar Capital is an approved agent for various lenders to package second round PPP loans. At NO COST to the borrower, Greenbriar Capital will consult with business owners to package their PPP loan for lender approval.
Eligibility: In order to receive a PPP loan under this section, an eligible entity must:
- Employ not more than 300 employees.
- Have used or will use the full amount of its first PPP loan; and
- Demonstrate at least a 25% reduction in gross receipts in the first, second, or third quarter of 2020 relative to the same 2019 quarter. Provides applicable timelines for businesses that were not in operation in Q1, Q2, Q3, and Q4 of 2019. Applications submitted on or after January 1, 2021 are eligible to utilize the gross receipts from the fourth quarter of 2020.
- Program deadline is March 31, 2021.