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Monthly gross receipts sba reddit2/29/2024 Here’s the example they use in the IFR: a borrower with gross receipts of $50,000 in the second quarter of 2019 and gross receipts of $30,000 in the second quarter of 2020 has experienced a revenue reduction of 40 percent between the quarters and is therefore eligible for a Second Draw PPP loan.Īlternatively, if you were in operation in all four quarters of 2019, you can qualify if the annual receipts show a 25% or greater reduction in 2020 compared to 2019. You can compare your quarterly gross receipts for one quarter in 2020 with gross receipts for the corresponding quarter of 2019. The 25% revenue reduction is the new twist, and you can calculate it in a few ways. ![]() The SBA also lists those that don’t qualify for Second Draw PPP Loans, most notably publicly traded companies and any person who received the new grant for shuttered venue operators.
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