What business types are eligible for PPP?

Businesses eligible for first- and second-time PPP loans include:

  • Sole proprietors
  • Independent contractors
  • Self-employed individuals
  • Private nonprofit organizations or 501(c)(19)s
  • Corporations
  • Veterans’ organizations
  • Tribal businesses
  • Direct marketing organizations
  • Certain nonprofits (the new bill has expanded eligible businesses to include certain 501(c)(6) nonprofit organizations)
  • Seasonal employers (those that operate no more than seven months within a year or earn no more than a third of gross receipts within a six-month period)
  • Faith-based organizations that have less than 150 employees
  • Housing cooperatives that employ less than 300 people
  • Newspapers, radio stations, and television stations

Businesses must comply with size standards, eligibility criteria, and certain limitations.