Small Businesses get a second shot at PPP Loan.

This NY Times article outlines the rules for the second PPP Loan. The new relief bill offers a second cash infusion for those who meet stricter terms: Borrowers with fewer than 300 employees that had a 25% drop in sales from a year earlier in at least one quarter could qualify for an additional loan of up to 2 million.
Most prominently, the plan would allow business owners who received loans in the program, which are tax-free, to claim deductions for expense’s paid for with the loan proceeds.