This type of 2nd draw PPP loans was susceptible to brand new qualifications conditions, including the following the:
Simultaneously, consumers just who before removed and you will came back a great PPP financing normally implement again for the difference in (1) the loan matter it hired and you can (2) the quantity they may now meet the requirements to get
- Qualified borrowers is actually capped at the just about three hundred employees (as opposed to five hundred); not, borrowers that have more three hundred group however, whose no. 1 community is actually NAICS category 72 (apartments and you may food provider) and that don't have any more 3 hundred staff per actual location is likewise eligible.