Your original loan must be all used up
This applies to first-time borrowers too, but unfortunately the slow pace of recovery means that for some PPP loan recipients, the original amounts weren't enough to stay afloat. The maximum size of second draw loans is substantially smaller than first-draw ones, which could be as large as $10 million.
Ultimately, actual loan limits are set using the same calculation as the original , with the exception of hotels and restaurants, who can get 3.5 times.With a few industry exceptions, the typical SBA definition of a small business is one that has less than 500 employees, but only those with 300 or less can receive a second-draw loan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
My Pillow guy Mike Lindell: The inside story, in Trump's final days - Business InsiderThe My Pillow guy is a former crack addict and bankrupted gambler who made – and might soon lose – millions thanks to a religious devotion to Trump This headline is NUTS lmaoooo 🤷♀️ETTD So in other words he turned his life around and now we need to cancel him for having a different political opinion
Source: BusinessInsider - 🏆 729. / 51 Read more »
GPS data shows Trump supporters made it deep inside US Capitol - Business InsiderGPS data tracked 618 videos from Parler users inside the US Capitol last week. The mob made it deep inside the building. Well no kidding... That's what happens when the authorities welcome them in, and then directs them to the House Floor. OH! And lets not forget about the selfies the cops took with 'protesters' either.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Red Cedar, a new quant hedge fund from Alexander Chernyy - Business InsiderHow this new hedge fund led by a former WorldQuant and Jefferies executive is uncovering new datasets to avoid the pain that hit quants in 2020
Source: BusinessInsider - 🏆 729. / 51 Read more »
How a year of rising tension inside Google led to its first union - Business InsiderGoogle once stood for 'Don't be evil.' Insiders describe how it spiraled into a culture of mistrust that helped build a union aiming to keep management in check. thanks Google is EVIL. They may try to show it otherwise, but ask the black folks and other minorities who work there how they feel about working in this Gulag. It’s too big, needs to be regulated.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Photos show the destruction inside of the US Capitol Building - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Attempted coup? You mean that band of idiots taking selfies wanted to take over the government?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Photos show pro-Trump rioters inside Senate chamber - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Where tf is police?
Source: BusinessInsider - 🏆 729. / 51 Read more »