## Can You Get 2 PPP Loans for 2 Different Businesses?
**Yes, it is possible to get 2 PPP loans for 2 different businesses.** The Paycheck Protection Program (PPP) is a loan program that was created to help small businesses keep their employees on the payroll during the COVID-19 pandemic. The program is administered by the Small Business Administration (SBA) and provides loans of up to $10 million to eligible businesses.
To be eligible for a PPP loan, a business must meet the following criteria:
* Be a small business with fewer than 500 employees
* Have been in operation for at least one year
* Have experienced a decline in revenue due to the COVID-19 pandemic
**Businesses that are eligible for a PPP loan can apply for a second loan if they meet the following criteria:**
* The business has used all of the funds from its first PPP loan
* The business has experienced a decline in revenue of at least 50% in the second quarter of 2020
* The business has not received a forgiveness on its first PPP loan
**If a business meets the criteria for a second PPP loan, it can apply for a loan of up to $2 million.** The loan will be forgiven if the business uses the funds to cover payroll costs, rent, utilities, and other eligible expenses.
## How to Apply for a Second PPP Loan
To apply for a second PPP loan, businesses can follow the same process that they used to apply for their first loan. Businesses can apply online through the SBA’s website or through a participating lender.
**When applying for a second PPP loan, businesses will need to provide the following information:**
* The business’s name and address
* The business’s EIN
* The number of employees
* The average monthly payroll costs
* The business’s revenue for the first quarter of 2020
* The business’s revenue for the second quarter of 2020
* The business’s use of the funds from the first PPP loan
## Benefits of Getting a Second PPP Loan
Getting a second PPP loan can provide a number of benefits to businesses, including:
* **Increased financial stability:** A second PPP loan can help businesses to meet their financial obligations and keep their employees on the payroll.
* **Improved cash flow:** A second PPP loan can provide businesses with the cash flow they need to operate and grow.
* **Reduced risk of closure:** A second PPP loan can help businesses to avoid closure and stay in business during the pandemic.
## Conclusion
If your business meets the criteria for a second PPP loan, you should consider applying for one. A second PPP loan can provide your business with the financial support it needs to survive the COVID-19 pandemic.
## Additional Resources
* [SBA website](https://www.sba.gov/)
* [PPP loan application](https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program)
* [PPP loan forgiveness](https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/ppp-loan-forgiveness)