BulldogTom Posted December 23, 2020 Report Share Posted December 23, 2020 I have tried to read this but I don't get it. It says a company that has already taken a PPP loan can get another one if they have spent the first one. But what I don't understand is the criteria looks exactly the same for the second loan as the first loan. Doesn't that mean that if $1 million was your first loan based on 2.5 / 12 of your prior year payroll, you have already hit the max loan amount? Or did Congress just double down and let you take another loan for the same amount to spend in the next 24 weeks? Please clarify for me. I feel stupid about this. Thanks Tom Modesto, CA Quote Link to comment Share on other sites More sharing options...
Lee B Posted December 23, 2020 Report Share Posted December 23, 2020 "Can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019" If you qualify you can double up. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted December 23, 2020 Report Share Posted December 23, 2020 Tony Nitti writes in Forbes with great clarity plus some dry humor: https://t.co/YD0adQWmNa?amp=1 Quote Link to comment Share on other sites More sharing options...
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