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how to qualify for ppp loan?

3 Answers

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  • Eva
    Lv 7
    13 hours ago

    The qualifications for PPP1 and PPP2 are different.  You have to have received and spent PPP1 before you can apply for PPP2.  In both cases, you had to have been in business by 2/15/20.  You can find all the requirements on SBA.gov.  NFIB.com also has excellent information.

  • 21 hours ago

    Operate a small business or be an independent contractor.  Contact your local bank as many are in the program.

  • 1 day ago

    1. Operate a small business in the USA (from 1 to 500 employees)

    2. Business means the definition of a small business by the US Small Business Association

    2. Pay taxes on that business in the USA

    3. Be in business before February 15, 2020

    4. Have more than a 25% reduction in income from 2019 to 2020.

    The end.

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