Are Profitable Physicians Still Able to Qualify for the 2nd draw, with high earnings in 2020? Maybe.
As you know, the Paycheck Protection Program (PPP) provides aid for Small Businesses and Individuals, providing additional funding above and beyond what was offered in 2020. Update: The deadline for the second draw is 3/31/2021.
We saw many small business owners take advantage of the first draw of PPP last year and we have had many clients report that their loans have been forgiven already. Depending on the bank you went to process your loan application, some are being held