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This current translation is an abbreviation but the complete story is told.

In his introduction Kuhn states that he did not translate all of it (50 out of the 80 chapters, but there are editions with 120 chapters).

The copy given here is missing the title and copyright pages.

The translators were Florence and Isabel McHugh and the book was published in 1958 by Pantheon, New York.

The most complete and fairly recent English translation is found in the Penguin Classics series (5 vols, paperback).

What is the deadline to apply The loan program has been active for years and applications are open indefinitely.

Through the program, the U.S.

Small Business Administration (SBA) guarantees forgivable loans made by lending institutions to small businesses.

The first round of PPP funding in 2020 totaled 349 billion and the second round of funding was 310 billion.

The program closed on August 8, 2020 and was re-opened with the stimulus law passed December 21, 2020.

My business got a PPP loan in 2020, can I apply for another PPP loan Yes.

The process will be fastereasier if you apply with the same lender that funded your first PPP loan because a lot of information will already be verified.

A Dream Of Spring Code Starting With

How much can I request on a Second Draw loan application The amount youll get with a Second Draw PPP loan will be what you got the first time, with the exception that businesses in the food services and hospitality industries (businesses with NAICS code starting with 72) will receive 3.5 times their monthly payroll expense instead of the original 2.5 times.

What do you need to qualify for a Second Draw PPP loan To be eligible for a Second Draw PPP Loan, the borrower must have experienced a revenue reduction of 25 or greater in 2020 relative to the same period in 2019.

Borrowers receiving more than 150,000 are required to provide documentation at the time of their second draw PPP loan application.

Borrowers receiving less than 150,000 will be required to provide proof of their revenue reduction when they apply for their loan to be forgiven.

Regardless of if you are required to provide proof at the time of your loan application, it is important to evaluate if you meet the revenue reduction requirement to ensure your eligibility.

The revenue comparison is between your gross receipts in for the full year or one quarter of 2020 compared to the same period in 2019.

Gross receipts are your total sales or income for the quarter and they do not take into account your cost of goods sold or other business expenses.

We have a short online form that will do the math for you HERE.

You will be asked for documentation to substantiate your revenue loss, such as Profit Loss statements, gross receipts tax forms, tax returns, etc.

Do I need to count my first PPP loan as 2020 income for my business No, per the new legislation passed in December 2020, the first PPP loan no longer needs to be counted as income.

If I started my business in 2019, how do I prove the revenue reduction If you started your business before July 1st, 2019, you can compare any quarter in 2019 to the same quarter in 2020.

If you started your business after July 1st, 2019 you can choose either the third or fourth quarter of 2019 and compare your sales to any period during 2020 to show your revenue reduction.

For example, if you started your business in August of 2019, you can compare your Q3 or Q4 2019 sales to any quarter within 2020.

If you started your business during Q4 or 2019, you can compare your Q1 2020 revenues to any other quarter throughout 2020.

Can I apply for a PPP loan now in 2021 If you were not approved before, you may submit a new application, but the eligibility criteria are the same.

If the business or one of the owners did not meet the original eligibility criteria, you likely will not qualify now.

First time PPP loan applicants do not need to prove revenue reduction to qualify.

How can I spend my PPP loan funds The law states that 60 of the PPP loan funds must go towards payroll and employee benefits costs and the remaining 40 can be spent on other eligible expenses.

The stimulus bill passed on December 21, 2020 expanded the categories of other eligible expenses which now include: Mortgage interest payments Rent and lease payments Utility bills Operations expenditures: software, cloud computing, and other human resources and accounting needs Property damage costs: damage due to public disturbances that occurred in 2020 and were not covered by insurance Supplier costs: payments to a supplier pursuant to a contract or purchase order in effect prior to taking out the PPP loan and are essential to the borrowers operations Worker protection expenditure: Personal protective equipment (PPE) and adaptive investments to help the borrower comply with health and safety guidelines Whats the difference between EIDL and PPP The Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) are run both run by the Small Business Administration.

EIDL PPP Whos lending the moneyWhere do I I submit an application U.S.

Small Business Administration (SBA).

Apply here. Financial institutions including banks, credit unions, CDFIs, online lenders, etc.

Apply with DreamSpring or your preferred financial institution.

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