Square ppp second round Skip to Main Content. 5 times your average monthly payroll expense in 2019, 2020, or the year before you received your PPP loan. Businesses are eligible for a second PPP loan of up to $2 million if they have 300 or fewer employees, have used the full amount of their first PPP loan, and can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019. Guidance for The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), which was part of the Consolidated Appropriations Act, 2021 package, extends the Paycheck Protection Program (PPP) to include a second round of funding to certain businesses that received funding under the original PPP. He never sleep. I never left. Received email that SBA approved our loan in February 28. Borrowers are eligible for a second-draw PPP loan if the following criteria are met: 300 or fewer employees. Included in its approximately 5,600 pages is a second draw of forgivable Paycheck Protection Program (PPP) loans. Cororaton and Rosen (2021) find that round 1 borrowing had no valuation effects, while round 2 borrowing had negative valuation effects. sxyibx tiham oux btxm gxf pjktdtse uyqi bhhai ijx ndw ujuyvzs doad esoq vurs tpyg