New Expanded SBA Eligibility for PPP Loans. The most important screen of possibility is based on the newest “alternative size standard.”

New Expanded SBA Eligibility for PPP Loans. The most important screen of possibility is based on the newest “alternative size standard.”

Late on April 6, 2020, the small company management (“SBA”) while the Treasury Department issued updated faqs (“FAQs”) expanding the companies able to utilize the Paycheck Protection Program (“PPP”) and making clear a quantity of concerns for determining the utmost loan quantity, paperwork become supplied to banking institutions plus the banker’s duties with regards to these loans.

System Expansion

In Q&A 2, SBA offered an “alternative size standard” under which companies may qualify underneath the PPP system and in addition exposed eligibility to employers that qualify under either the income based size standard or employee based size standard defined within the SBA laws with regards to their main NAICS code. Read More