To possess a first draw PPP loan, maximum amount borrowed was as much as 250% (otherwise dos
To possess a first draw PPP loan, maximum amount borrowed was as much as 250% (otherwise dos 5 times) their average monthly payroll prices for 2019 or 2020 and a 1-seasons months till the date on which the mortgage is created. To own an extra draw PPP mortgage, maximum amount borrowed is to 250% (or …