PPP Eligibility
If this is your 1st PPP Loan
General Eligibility:
* You were in business at least half of 2019 and in February 2020
* You have less than 500 employees
* You are not in bankruptcy
* You have not permanently closed
* You need funds to cover payroll, rent/mortgage, utilities, or COVID related expenses
If this is your 2nd PPP Loan
General Eligibility:
* Your business gross revenue dropped by 25% in 2020 or in at least one quarter of 2020 compared to that same quarter in 2019
* Your 2nd Draw Loan cannot be received sooner than 8 weeks after you receive the 1st Draw
* You have less than 300 employees
* You are not in bankruptcy
* You have spent all of your 1st Draw on eligible expenses
* You have not permanently closed
* You were operating your business on and before February 15th 2020
If you meet the Eligibility requirements above, lets get started.
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