At exactly the same time, consumers who in past times applied for and you can came back a great PPP loan can be incorporate once more to your difference between (1) the loan matter they chose and you may (2) the amount they may now meet the requirements to obtain

• Eligible individuals is capped at the no more than 300 team (as opposed to five-hundred); not, individuals which have over 3 hundred employees but whose primary business is in NAICS category 72 (renting and you will dinner solution) and therefore haven’t any more than 3 hundred professionals per real location can also be eligible. The newest SBAs “affiliation” statutes consistently pertain, but with regards to certain excluded organizations because the talked about here .
• Eligible borrowers must have got gross receipts inside very first, second, or third quarter out-of 2020 (and for funds after ) that show not less than a twenty-five% avoidance compared to the exact same one-fourth from inside the 2019 (otherwise, whether your borrower was not running a business inside 2019, a twenty-five% loss in the next, 3rd, otherwise 4th quarter out-of 2020, versus earliest one-fourth out of 2020).