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EC Nebraska | It looks like you can go ahead and apply for a first draw loan. I have no idea how soon you can apply for the second draw after you apply for the first, but it took a day to get the first one approved and disbursed for me. So I would think it would be a few days between loans.
And I'm pretty sure that second draw requires showing a 25% revenue drop for at least one quarter. I don't know what all is going to be required for that. | |
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CFAP3 PPP - 25% decline in revenue rule
