Congress is considering a second round of PPP for hard-hit businesses, which probably is directed to retail, restaurant, tourism, events, etc. Based on the article (link below), this second round would be structured in the following way:
About $190 billion worth of PPP funding would be made available to business owners with 300 employees or fewer whose revenue declined by at least 50 percent as a result of the coronavirus pandemic.
About $25 billion would be set aside to assist companies with 10 employees or less.
We will post updates if this proposal goes forward.
Link – https://www.foxbusiness.com/economy/ppp-round-2-proposal-targets-small-hard-hit-businesses
