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Topic

About Second PPP Loan

Question
#1
  • chiko
  • mail
  • 2021/02/01 21:07

The application for the second PPP loan has started, but I received a notice from the bank that the Japanese owner cannot apply for the loan because he/she does not have a SSN. The first PPP loan took some time to go through the process, but the loan was approved successfully.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#2

Hi, did you use the same bank as the first time ？
I heard that if it was the same bank, it would be easier to apply because they have already collected the necessary documents from the first time.
I heard that there are people all over the U.S. who used their first PPP loan for non-essential expenses or received it fraudulently, so they may have become stricter in that area. I think it would be better to consult another bank or a tax attorney once for sure.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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