25 Jun Such second mark PPP finance is subject to new qualification criteria, for instance the pursuing the:

At the same time, individuals just who before removed and came back a great PPP financing can also be use once more into the difference between (1) the loan number they hired and you will (2) the total amount they could now qualify to obtain

• Qualified consumers are capped on no more than three hundred group (as opposed to five-hundred); but not, consumers having more 3 hundred team however, whoever no. 1 world is in NAICS group 72 (apartments and you may dining service) and therefore haven't any over 3 hundred staff for every single actual venue will in addition be eligible. Brand new SBAs affiliation laws and regulations continue steadily to pertain, but in terms of specific excluded companies due to the fact chatted about right here .
• Eligible borrowers need got disgusting receipts in the earliest, 2nd, otherwise third one-fourth out-of 2020 (or loans immediately after ) that show not less than a twenty-five% prevention as compared to same quarter into the 2019 (otherwise, in case your borrower wasn't in operation inside the 2019, a 25% loss in the second, 3rd, otherwise 4th quarter away from 2020, versus very first one-fourth from 2020).