The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan. 
Second Draw PPP Loans can be used to help fund payroll costs, including benefits. As in the first draw, funds can also be used to pay for mortgage interest, rent, and utilities. This second draw expands covered expenses to items like worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.
A borrower is generally eligible for a Second Draw PPP Loan if the borrower: 
  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
Upcoming Business Webinars
If your business is interested in sponsoring BRAC's business recovery initiatives, contact Michelle Mahaffey at
We are regularly updating with resources and guidance related to COVID-19. BRAC is committed to helping our local business community. Reach out to our team with questions.
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