2.5 times average monthly payroll with a $10 million maximum
Maximum aggregate amount of first draw PPP loans for borrowers that are majority owned by a common parent is $20 million.
Have not yet obtained a PPP loan
500 or fewer employees
Restaurants and hotels (NAICS code beginning in “72”) with 500 or fewer employees per physical location
Rules that aggregate affiliated borrowers when determining eligibility are waived for hotels, restaurants and franchisees