National Newspaper Association

Protecting, Promoting and Enhancing Community Newspapers Since 1885

NNA MEMBER ALERT: SBA releases application for second PPP loans

Tonda Rush

Jan 11, 2021

The Small Business Administration has released the short form application for second-draw Paycheck Protection Program loans. The form can be found on the SBA website here.

To be eligible, businesses must have taken a first-loan in 2020 under the CARES Act, have fewer than 300 employees (unless they are part of a large group covered by the affiliate rule) and have lost at least 25% in gross receipts in any quarter of 2020, compared to the same quarter in 2019.

For loans under $150,000, businesses do not need to provide documentation of the gross receipts loss to lenders until they are ready to request forgiveness of the loan.

Applications may be submitted through March 31, 2021.

NNA is the oldest national organization for community newspapers across the United States, with members in all 50 states.

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Congress approves NNA language directing HHS advertising to community media

Three years of planning and effort by the National Newspaper Association and its partners resulted this weekend in an emphatic recognition by Congress of the vital role community newspapers play in sharing health information to small and rural markets.

Grassroots are crucial to any cause

Depending on how things go in Washington this year, we could make some headway on critical issues like postal reform and tax breaks for newspapers and their advertisers.

HHS directed to look at local media for advertising buys

The House Appropriations Committee is poised to direct the Secretary of Health and Human Services to direct more of the agency’s advertising dollar toward local media, including nondaily newspapers, TV and radio when public–health campaigns are set up.