CWA Blog Archive-How The New COVID-19 Relief Package Helps Indoor Climbing

How The New COVID-19 Relief Package Helps Indoor Climbing

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This article explains how the newly signed Consolidated Appropriations Act, 2021 affects the indoor climbing industry, while noting that government agencies would publish clarifications over the coming weeks on applications and PPP loan forgiveness. The most immediately relevant provision is the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, which creates a new round of PPP funding allowing a second draw opportunity for those who received first-round PPP funding. The article notes almost 70% of indoor climbing gyms used the first PPP funding, and the CWA expected a similar or greater number to take advantage of the second round, underscoring the program's importance to the industry. It details key eligibility changes for a second draw for those already granted a PPP loan: you must have fewer than 300 employees, show a 25% reduction in year-over-year revenue comparing Q1-Q3 2019 to 2020, and have used or will use the full amount of your first PPP loan. The throughline is that the new relief package delivered meaningful support to climbing gyms, chiefly through a second round of PPP funding, and the article equips owners to understand and pursue it.

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This piece explains how the Consolidated Appropriations Act, 2021 helps climbing gyms, chiefly through second-draw PPP funding for prior recipients. With nearly 70% of gyms having used first-round PPP, it details eligibility, under 300 employees, 25% revenue reduction, full use of the first loan, so owners can assess and pursue this lifeline.