John D. Steinmetz, CEO Vista Bank - Preparing for PPP Loan Reopening in 2021
                     PPP Loan 
Program 
Reopens
John D. Steinmetz, CEO Vista Bank - Preparing for PPP 
Loan Reopening in 2021
Vista Bank's Handling of 
Some of the most importanPt poPintPs about Vista Bank's PPP loan 
1 2 3
Vista Bank was of Vista teams are Posting a number of 
the top 25 Dallas working overtime to resources on the 
Banks writing PPP help businesses put website.
loans for Round 1. together their loan 
applications.
Main Points About PPP Round - 
2The second round of PPP comes with some modifications compared to previous 
round 
1 2 3
$2 million cap per $284 billion in total Emphasis on 
business compared funding. helping minority, 
to $10 Million last women and 
year. veteran-owned 
businesses.
500 Employees for 
3ro0u0n fdor 1 Round 1 Eligibility
Must have used round 1 PPP 
Loan John D. Steinmetz explains the 
Before round 2 is disbursed Eligibility requirements for the 
Loan forgiveness for round 1 loan.
is encouraged.
25% revenue loss in any 
quarter in 2020
Quarterly or annual basis
Must have been in operation 
prior to Feb. 20, 2020
Seasonal employers exempted
60% of the money must 
be used for Payroll.
Post Approval
The rest for operational and 
pandemic related expenses. John Steinmetz explains terms and 
conditions post-approval.
Also property damage or 
loss from the protests not 
covered by insurance.
Borrowers can choose a 
coverage period between 8 
to 24 months.
The loans are tax-free.
Apply Soon
Businesses are encouraged to apply as 
soon as possible.
The program closes on 31st March or when the 
$284 billion funding runs out. 
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