Just received notice from my bank that they are accepting new apps for PPP 2. I am up in the air on applying or not. The 1st PPP helped a lot with our self-storage employees, but we're okay right now. I am also concerned that if we apply again, and receive it, the bank may decide we're too much of a risk and pull our credit line. I did have to tap it last year prior to the PPP, so it is nice to have as an emergency line.
What are you guys and gals doing?
@Mike Adams the eligibility is strict. Less than 5% of our clients qualify. Real estate is also tricky. Likely many do not qualify under the revenue or shut down rules and subsequent Treasury regs