First Draw PPP loans could be open to you if you have never obtained a Paycheck Protection Program (PPP) loan before.
PPP is a loan intended to give small companies a direct opportunity to keep their employees on the payroll. First Draw PPP loans will be used to help cover labor expenditures, and insurance, as well as mortgage interest, leases, electricity, pandemic-related worker safety costs, uninsured property loss costs from looting or arson in 2020, and some supply costs and expenditures for activities.
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