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

New Expanded SBA Eligibility for PPP Loans. The most important screen of possibility is based on the brand new “alternative size standard.” Later on 6, 2020, the Small Business Administration (“SBA”) and the Treasury Department issued updated Frequently Asked Questions (“FAQs”) expanding the employers able to use the Paycheck Protection Program (“PPP”) and clarifying a number of questions for determining the maximum loan amount, documentation to be provided to banks and the banker’s responsibilities with respect to these loans april. System Expansion In Q&A 2, SBA offered an “alternative size that is standard which companies may qualify underneath the PPP system and in addition exposed eligibility to companies that qualify under either the income based size standard or employee based size standard defined when you look at the SBA laws with their main NAICS rule. […]