PPP Loan Criteria Extended to Accommodate Seasonal Businesses Thanks to Advocacy Work by ARVC & ORR
The National Association of RV Parks and Campgrounds (ARVC) and the Outdoor Recreation Roundtable have successfully led an effort to get Paycheck Payment Program (PPP) loans extended to accommodate seasonal businesses. This latest rule, issued by the U.S. Treasury, is big news for seasonal RV parks and campgrounds which may not have had active payroll during the base period stipulated by the original PPP loan criteria, which required the business to have been in operation by February 15, 2020.