A new rule is about to make PPP loans more generous for businesses without employees

Walter Frick
·2-min read
A new rule is about to make PPP loans more generous for businesses without employees

The US Small Business Administration (SBA) is expected to issue a rule as soon as Monday that will make loans from the Paycheck Protection Program (PPP) more generous for business owners without employees. Companies and nonprofits without employees have always been eligible for PPP loans. The new rule expected from the SBA will instead base loan amounts off of sole proprietors’ gross income, significantly expanding the amount of money for which they are eligible.