Frequently Asked Questions for PEO Clients on Paycheck Protection Program (PPP) Loans
Q: I have heard that only businesses with fewer than 500 employees (outside of limited exceptions) can qualify for a PPP loan. My professional employer organization (PEO) provides services for over 500 co-employees. Does that mean I can't qualify for a PPP loan?
A: Fear Not: your PEO's co-employees will not be counted against you for PPP loan purposes, unless your business are otherwise related (such as with common ownership).