Rehabilitation can only be obtained after a year has passed from the 'rising of the protest' and you must not have suffered others; after five years from this term your name will be automatically deleted.Either you will use or have already used the 1st PPP Loan amount. You did not know your business permanently. Businesses that got temporarily closed or didn't get closed can apply for the loan. Nonprofit organizations, independent contractors, business owners, tribal businesses, or housing cooperatives can apply for Second PPP Loan. So How to Apply for the Second Round of PPP Loans?

PPP Loan to Protested and Reported
The financing protested and bad payers is a type of PPP loan granted to those who have suffered a protest for the reasons referred to in paragraphs 1 and 2, or has had problems for the commitments were not honored. The reality is that not all banks are willing to grant PPP loans to bad payers, but there are still some forms of contract that allow you to obtain the liquidity you need.

The PPP loan changed with guarantor
Each of these forms of financing provides for guarantees for the lender to avoid future insolvencies. If you have any questions or a particular situation and you do not know how to get out of it, do not hesitate to contact Business Lawyer Nakase Wade.

PPP loan in 24 hours to Protested with Assignment of the fifth of the salary
One of the ways that those who are protested and foreclosed can take to obtain liquidity is the sale of the fifth; the only essential requirement is to have a permanent contract or to be retired. If you have these requirements, obtaining a fifth assignment is not difficult here are some of the characteristics of this form of financing:

• It is a non-finalized PPP loan; this gives you the possibility not to declare the reason for your request.
• It is a fixed rate PPP loan with a constant installment.

The installment is deducted directly from the paycheck and the employer will pay the installment. This is an important guarantee for the lender. Given that the employer will have to withhold the installment, the assessment that the insurance companies give to the company is a fundamental parameter for the PPP loan provider. You can consult with Corporate Lawyer Nakase Wade regarding any doubt about it.

PPP Loan to Protesters with Bills Of Exchange
The peculiarity of the PPP loan with bills of exchange issued by the bank is the repayment method it provides, which takes place through the payment of bills. These debt instruments are issued by the bank and have a maturity date for making the payment already indicated.If it is true that the assignment of credit with bills of exchange is a type of PPP loan that does not provide specific guarantees, it is equally true that the lender having issued bills of exchange signed by the debtor, in the event of unpaid bills, it can at any time bring it before a judge to claim the refund due. This is a guarantee for the bank, but for you as an applicant, use caution before signing this type of contract, you must be sure that you can repay the installment on time.

The Alternative of the Assignment of the Fifth
The assignment of the fifth is an exception to what has been said so far. Since the reimbursement is withheld directly from the salary or pension, it is in fact also accessible to bad payers and in many cases also to protesters. On the other hand, it is not a solution open to everyone since it can only be requested by pensioners and public and private employees. In the latter case, some credit institutions may require some particular requirements related to the employer excluding companies with few employees (normally at least 16) as well as cooperatives, etc.