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PPP second round and Govt Grant Money (USA Theaters)

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  • PPP second round and Govt Grant Money (USA Theaters)

    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 !

  • #2
    Also preparation to apply for the grants, your corporation must have a DUNS# (Dun and Bradstreet) most corps already have one, and for those who need a # to apply for a govt grant, D&B can issue them within a day. (for government grant purposes only, otherwise it takes longer)


    • #3
      The SBA is having a webinar TOMORROW (January 14) at 3:00pm EST on SOS and PPP. It will be recorded for viewing later. To register for TOMORROW's live webinar:
      Last edited by Martin McCaffery; 01-13-2021, 08:36 AM. Reason: Time has lost all meaning. Today is January 13


      • #4
        Haven't watched it yet, but here's the YouTube:


        • #5
          Originally posted by Martin McCaffery View Post
          Haven't watched it yet, but here's the YouTube:

          Thank you for posting that