In addition, borrowers whom previously taken out and returned an excellent PPP loan is also pertain once again on difference in (1) the borrowed funds count it chose and you can (2) the amount they may today meet the requirements to get

• Qualified individuals try capped within no more than three hundred personnel (in lieu of 500); however, borrowers that have more than three hundred group however, whoever number 1 industry is in NAICS category 72 (apartments and you may food service) which do not have over three hundred professionals each actual area will also be qualified. The fresh SBAs “affiliation” laws and regulations always incorporate, except with regards to certain omitted companies once the discussed right here .
• Eligible individuals should have had disgusting receipts inside the first, second, or third one-fourth from 2020 (and for fund just after ) that demonstrate for around a 25% reduction compared to the same one-fourth in the 2019 (or, in the event your debtor was not running a business for the 2019, a twenty five% reduction in the second, third, or next quarter regarding 2020, versus earliest quarter out-of 2020). Lire la suite