Second Draw PPP Loan Approved by SBA

On January 15th, the Small Business Administration (SBA) has begun accepting applications for the second round of Paycheck Protection Program (PPP) loans.
To be eligible for a second PPP loan — which cannot exceed $2 million — a business must have 300 employees or fewer, have previously received a First Draw PPP Loan, have used or will soon use all of the money from its previous PPP loan, and can demonstrate a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. Keep in mind that alternative calculations are provided for applicants that were not in business for all of 2019.
For most applicants, the maximum loan amount of a Second Draw PPP Loan is 2.5x the average monthly 2019 or 2020 payroll. For borrowers in the Accommodation/Food Services industry, the maximum loan amount for a Second Draw PPP Loan is 3.5x the average monthly 2019 or 2020 payroll costs. Both always up to $2 million, as previously mentioned.
The applicant must submit documentation able to establish that the applicant experienced a reduction in revenue on a quarter year-over-year basis, at the time of application, on or before the date of the loan forgiveness application, or at SBA’s request. Such documentation may include relevant tax forms, a copy of quarterly income statements or bank statements.
We expect participating lenders to accept applications across various formats and timeframes. Businesses should consider where to apply, evaluate eligibility, and gather the appropriate documentation for the respective applications.
ZOMMA Group has established a dedicated team that is continuously monitoring new guidance from the SBA, the Treasury, Congress, and the IRS, to ensure we have the latest information when advising our clients. To discuss your eligibility for a Second Draw PPP Loan and/or accurately calculate your borrowing capacity, feel free to contact us.

New Collaboration with Florida International University School of Business

The Italy-America Chamber of Commerce has reached an agreement with the Florida International University School of Business to develop a new internship program that will put in contact their students with the companies members of the IACCSE.
Founded in 1965, the Florida International University, with 191 programs of study and more than 280 majors in 23 colleges and schools, is a public research university with its main campus in Miami. It is the largest university in South Florida and the fourth-largest in the United States by enrollment. In 2021, U.S. News & World Report ranked FIU as the 2nd in the nation among best college for the International Business College and 8th for the International MBA program.
The College of Business is among the 5 percent of elite business schools worldwide accredited by the AACSB International – The Association to Advance Collegiate Schools of Business.
FIU Business has built a strong reputation for excellence in international business education and research.
This is an excellent opportunity for the companies that are members of IACCSE to host highly skilled local students for an internship, and eventually to scouting for future employees.
For those interested, please contact us at indicating: company name, website,  type of internship you want to offer (role, brief description of the duties of the position, duration of the opportunity) and a contact person.
We will put you in contact with the internship/mentorship office at FIU Business in order to receive information regarding the selection of potential candidates for your company.


The main Italian daily business newspaper “Il Sole 24 Ore” published on Saturday January 16th an article about Miami and the growing economic vitality of the entire Southeast of the USA.

The article also mentioned what our Chamber of Commerce is doing with its video-educational project “Business Expert Channel” ( to support SMEs in their approach to this strategic market for “Made in Italy” products and services.

The Covid-19 pandemic has not stopped urban development and infrastructure investments in Miami and in other key metropolitan areas. Many Italian firms are protagonists of this trend and several opportunities are still accessible for our companies.

If you are interested in sharing your expertise about the US market on the “Business Expert Channel” please contact us at


Dear IACCSE members and friends,

We are pleased to present to you today the commemorative logo celebrating the 30th anniversary of our organization that will stay with us throughout 2021.

Since 1991, the Italy-America Chamber of Commerce Southeast supported hundreds of Italian entrepreneurs in approaching the American market. Through its initiatives, the Chamber has opened the path for many companies that eventually created subsidiaries in the United States and generated several hundred jobs over the course of the last 30 years.

We have stayed always true to our mission of helping the “Made in Italy” exports in this strategic area of the World as well as in creating a professional environment where entrepreneurs, managers and institutional partners can meet and discuss new opportunities.

As for most nonprofit organizations, our work has not always been easy, but we are proud of what we have achieved and of the progresses made since our beginning.

Hopefully 2021 will mark the resurgence for many companies and for both US and Italy economies. We are ready to backing these efforts with interesting and innovative initiatives.

To celebrate this milestone the IACCSE is preparing a rich program of events that will culminate in December 2021 with the long awaited Italic Award Gala.

Should you be interested in being a partner of our 30th anniversary celebrations, please see more info here:

Thanks to Man Super! ( )  for designing our commemorative logo.

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