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Can I apply for a second PPP loan if I received a first round PPP loan in 2020?

Yes you can, but you have to make sure you have:

  • No more than 300 employees
  • Have used or will use the full amount of the first PPP
  • Can demonstrate you have to have at least 1 quarter (3 month period) in 2020 with a 25% drop in revenue compared with the same period in 2019.

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We've funded over $400 million for small business owners since 2015