For a second draw, eligible businesses that received a prior PPP loan must:
- Have used the full amount of its first PPP loan to apply for a second draw.
- Have 300 or fewer employees.
- Can demonstrate at least a 25% reduction in gross receipts from the corresponding
calendar quarter of 2019 to that of 2020.
You can apply at ppploans.cbwpayments.com for second round or first round PPP loans – even if you applied and received loans from another bank previously.