To obtain a 2nd draw, your 1st draw PPP Loan must be fully disbursed and reflected as such within ETRAN. $45,772: 5,249. Net Dollars. The new round of PPP loans offer a “second draw” for harder-hit businesses that received PPP funding in 2020. Average Loan Size. Average Loan Size. Lender Count. 5,641,576: $258,225,607,900. Total First & Second Draw Loans. Pre-register for second round of PPP loans » As a non-bank lender with over 10-years of experience providing capital at a low cost to small business owners, Liberty SBF facilitated over 3,200 loans in the sum of more than $350 million in the last round of PPP lending. Loans Approved. The maximum loan amount is $2 million for "second draw" loans. First-time PPP borrowers will be subject to the program's original eligibility rules.. New Amount for "Second Draw" Loans. Lender Count. PPP loans are calculated based on 2.5 times monthly payroll costs. An SBA-backed loan that helps businesses keep their workforce employed during the COVID-19 crisis. First-time PPP loans max out at $10 million. We know these are stressful times, so hopefully this loan provides much-needed relief for you and your employees. $73,114: 5,158. This process can occur naturally with the 1502 process or via direct updates in ETRAN if required. Understand how to calculate your PPP loan; Understand how to apply if this is your first time receiving a PPP loan; Understand how to apply if this is your second time receiving a PPP loan; To access a list of lenders, keep reading. Even though my personal account is with TD, I went with another bank (Citizens) for business banking. Unlike initial loans, the maximum amount for second-draw PPP loans is just $2 million. Net Dollars. Loans Approved. Maybe I lucked out. The requirements to obtain a 2nd draw PPP Loan remain unchanged as part of this process, the validations and processing remains consistent. 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