Powered by Blogger.

Friday, April 3, 2020

Tag:

Paycheck Protection Program (PPP) Loans

Who Qualifies for a PPP Loan?

Any small business with fewer than 500 employees may be eligible. This includes small businesses, sole proprietors, S corporations, C corporations, LLCs, independent contractors, self-employed people and private nonprofits.

In addition, some nonprofits, tribal groups and veteran groups are eligible.

Restaurants and hospitality businesses may qualify if they have fewer than 500 employees per location. Details on the size standards and exceptions are on the SBA website.

Ineligible businesses include those engaged in illegal activities, owners more than 60 days delinquent on child support obligations, farms and ranches, sex businesses, lobbyists and gambling establishments.

About Bizmode

Hi, My Name is Hafeez. I am a webdesigner, blogspot developer and UI designer. I am a certified Themeforest top contributor and popular at JavaScript engineers. We have a team of professinal programmers, developers work together and make unique blogger templates.