Replies to post #6582 on Transportation and Logistics Systems Inc (TLSS)

[ClarkKant]

Business can have more than 500 Employees to qualify for PPP. Actually checking the list of businesses who got loans, many of them have over 500 employees.

Who can apply? All businesses – including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industries (click HERE for additional detail).

But this honestly will give you a headache reading through this document ha!

https://www.ecfr.gov/cgi-bin/text-idx?SID=0ff5f0839abff4eec707b4478ed733c6&mc=true&node=pt13.1.121&rgn=div5