Second round of PPP becomes available as valley businesses struggle

Second round of PPP becomes available as valley businesses struggle

In general, companies eligible for PPP should not more more than 300 employees, lose 25% or more gross revenue and will use or use all of the first PPP loan.

PHOENIX – It’s been almost a year since businesses in the valley were asked to close for just two weeks.

Experts hoped the move would quickly flatten the COVID-19 curve, but that was only the beginning, as evidenced by a second round of paycheck protection programs (P3s) that were becoming available to struggling businesses.

“It’s been tough,” said Leanne Shearer, who owns two Anytime Fitness gyms in Prescott Valley and Chino Valley.

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