why are payday loans so popular

This type of “2nd mark” PPP money is subject to brand new eligibility standards, for instance the adopting the:

While doing so, consumers whom in past times removed and returned a PPP loan is apply once again with the difference between (1) the mortgage number they retained and you may (2) the total amount they may now meet the requirements to find

  • Eligible borrowers try capped during the just about 3 hundred teams (unlike 500); not, consumers having over 3 hundred team however, whose top community is within NAICS classification 72 (rentals and you may restaurants service) and therefore do not have more than three hundred team for each and every bodily venue may also be eligible. The latest SBAs “affiliation” laws and regulations consistently implement, except with regards to particular omitted enterprises because the chatted about here .
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