PPP is Reopening. What’s Different This Time? Second small-business loans will be limited to borrowers with 300 or fewer employees who can show revenue was hurt by the pandemic Lawmakers announced a proposed Covid-19 relief bill Dec. 1, the latest version of which includes $284 billion for the Paycheck Protection Program. PHOTO: TASOS KATOPODIS/GETTY IMAGES By Amara Omeokwe Dec. 22, 2020 9:01 am ET SAVE PRINT TEXT Listen to this article 7 minutes 00:00 / 06:43 1x The Paycheck Protection Program is getting a reboot as part of Congress’s latest coronavirus stimulus package . The $900 billion deal includes $284 billion for PPP, which will reopen after closing in August. Much like the program’s first iteration, the aid will be in the form of forgivable loans to small firms, but there will be some key changes on issues such as eligibility for second-time applicants and types of forgivable expenses. Here’s what we know so far. Who can apply? Businesses, some nonprofit...
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