PPP Round 2 is here!

PPP 2 Eligibility

  • Business must have less than 300 employees

  • Business must be able to show a 25% decline in income for any Quarter in 2020 compared to the same Quarter in 2019

  • Business types include, Sole Proprietors, Self-Employed, LLC, Corporations, Partnerships, Not for Profits.

  • Loans are based on the average number of employees per pay period for the previous 12 months

  • PPP loans will be generally 2.5 times the average monthly payroll, subject to a maximum of $2,000,000

  • PPP loans of 3.5 times the average monthly payroll (capped at $2,000,000) is available to businesses whose NAICS code starts with 72; hotels, casinos, food service contractors, caterers, restaurants, see NAICS lookup for more information.

  • Employees are both part-time and full-time employees and can also be agency staff you employ.

Download SBA Form 2483-SD

What You Need to Apply

  • Copy of Photo ID for all owners who own 20% of the business or more (Driver's License front & back copy)

  • 2019 and 2020 Profit & Loss Statements.

  • 2018 & 2019 Business Tax Returns

  •  For partnerships – include IRS Form 1065 and Schedule K-1

  • For sole proprietors – include IRS Form 1040 Schedule C​​​

  • Form 941: Employer’s Quarterly Federal Tax Return for 2019 & 2020

  • Form 940:  2019 & 2020

  • First Round PPP Loan # & Amount

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