b'COVID NEWS:Small Businesses Can Apply COVID NEWSNow for Second Draw PPP AwardsA tlast,mostPVAmemberswhoIn January, the SBA began to receive secondSecond Draw PPP Loans are for eligible small previously obtained Payroll Protectiondraw PPP applications submitted through allbusinesseswith300employeesorless,that Program (PPP) funds and their banksparticipating lenders, regardless of the size ofpreviously received a First Draw PPP Loan and can submit applications for the second drawtheir assets. will use or have used the full amount only for of the PPP. authorized uses, and that can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The formulafordeterminingthesizeofaPPP awardformostrecipientsis2timesthe averagepre-pandemicmonthlypayroll. The Increase revenue and save money withmaximumamountofaSecondDrawPPP RocketRez, the easy to use, all-in-oneloan is $2 million.system for tours & attractions. Some PVA members have asked whether they shouldseekaSecondDrawPPPaward orinsteadwaittoseekfi aidwhennancial theTreasuryDepartmentrollsoutitsnew Ticketing & Automation CERTS (Coronavirus Economic Relief for Reservations Transportation Services) Act grant program andtheMaritimeAdministrationopens Distribution CRM itsnewly-createdMTSERA(Maritime TransportationSystemEconomicRelief Act) fi aid program. PVAstronglynancial urgesthateligiblemembersnotdelay Retail POS Memberships but submit applications now for Second DrawPPP. Thereissimplynowayto know at the moment exactly when CERTS andMTSERAwillopenforapplications All this and so much more! orwhetherthesenewprogramswillhave Photo System Private Events sufficientfundstorespondfavorablytoall applicants. The $284 billion to reopen the PPP program, Operations InventoryManagement containedinthecoronaviruseconomic DynamicBundling stimulus legislation enacted in late December, was a high priority for PVAs advocacy agenda.PVAwillcontinuetoshareadditional information about PPP, CERTS, MTSERA, publictransitfunding,andsmallshipyard grants just as soon as it becomes available.If you have questions, please contact Ed Welch at571-275-2066orewelch@passengervessel.Book a free demo today! com. The operating systemfor tours & attractionsCOVID NEWS 34 FOGHORN'