Hi all,
There was some important information I wanted to share with you all.
As you all probably know a second round of PPP loans was included in the new covid relief legislation, in this legislation independent theaters are also eligible for some sizeable grants.
The second round PPP loans are now available to be applied for - DO NOT APPLY.
I was informed by my film buyer (who got the info from NATO) that if you accept second round PPP you will not be eligible for the grant money.
The grant money is of a much higher amount and is a grant, not a loan.
So wait a bit longer, the SBA will release the info for the grants soon - but do not go for the second PPP - it could be a costly mistake.
Take care !
There was some important information I wanted to share with you all.
As you all probably know a second round of PPP loans was included in the new covid relief legislation, in this legislation independent theaters are also eligible for some sizeable grants.
The second round PPP loans are now available to be applied for - DO NOT APPLY.
I was informed by my film buyer (who got the info from NATO) that if you accept second round PPP you will not be eligible for the grant money.
The grant money is of a much higher amount and is a grant, not a loan.
So wait a bit longer, the SBA will release the info for the grants soon - but do not go for the second PPP - it could be a costly mistake.
Take care !
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