How do i calculate the most getting my personal PPP mortgage?
New CRRSAA developed the opportunity for businesses and you will nonprofits to make use of for one minute PPP mortgage once they see particular requirements. Next-mark financing be more targeted than first-big date PPP fund, and meet the requirements, companies have to step one) have previously obtained an excellent PPP mortgage and you can used the full amount only for authorized uses; 2) enjoys less than 3 hundred group; and you will 3) have obtained a 25% reduced disgusting receipts throughout the at least one quarter out of 2020 versus a comparable one-fourth from 2019. The utmost financing size to possess an additional PPP financing is actually $2 billion rather than $10 mil to own a primary-date PPP mortgage. As well, the new SBA has established a center toward next-draw PPP fund which can be of good use.
To have first-day PPP finance, companies and you may nonprofits fundamentally can consult an optimum loan amount out of 2.five times the average month-to-month 2019 payroll. Continua a leggere
