We’re continuing to track legislation and will update this page as we learn more.
In round one of the Paycheck Protection Program, Big Think Capital helped hundreds of small businesses gain access to millions in relief funding, and we’ve been working diligently to ensure that our process makes it easy for you to apply and secure your place in line for the next round of PPP.
As we await final guidance from the SBA, here’s what you’ll likely need to be eligible for a PPP loan in the new round:
- Demonstrate at least a 25% reduction in gross receipts (to be defined by SBA) in any quarter of 2020 relative to the same quarter in 2019.
- Employ fewer than 300 employees