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Support for Craft Beverage Producers: Access to PPP Loans

This act expands access to second draw Paycheck Protection Program (PPP) loans for craft beverage manufacturers, such as breweries and wineries. This means that these businesses, which generated at least 35% of their gross annual revenue from in-person sales in 2019 or 2020, can more easily obtain financial assistance. The goal is to support them in maintaining jobs and financial stability during challenging times.
Key points
Craft beverage producers (e.g., breweries, wineries) can now apply for second draw PPP loans if they meet specific in-person sales criteria.
The changes apply retroactively, meaning they cover loans issued before this act's enactment, provided they have not yet been forgiven.
The act aims to help small businesses in the craft beverage industry maintain operations and employment.
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Additional Information
Print number: 117_HR_1035
Sponsor: Rep. Wexton, Jennifer [D-VA-10]
Process start date: 2021-02-11