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Furthermore, provided that other PPP system eligibility criteria is met, little cooperatives that are agricultural more cooperatives may get PPP loans

Posted by Khaled Libyan on August 14, 2021
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Furthermore, provided that other PPP system eligibility criteria is met, little cooperatives that are agricultural more cooperatives may get PPP loans

Markets Specified Eligibility Criteria:

  • Restaurants/Lodging: As put on food and accommodation solutions companies (NAICS codes starting with 72) 4 :
    • the “affiliation” rules are clearly waived for organizations without any significantly more than 500 workers, and
    • the 500-employee limitation is applicable for a per physical venue basis.

    Failure by the applicant to do this is going to be viewed as an usage of PPP funds for unauthorized needs

  • Franchises: The “affiliation” guidelines is waived for franchises in the SBA Franchise Directory.
  • Gambling Businesses: a small business that gets appropriate games income, and it is otherwise qualified beneath the PPP system, try entitled to PPP loans. Continue Reading

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