Some details have emerged about the 2nd round of PPP loans. Basically, you can apply if your gross receipts were down by at least 25% in any quarter of 2020 compared to 2019 or annually comparing 2019 to 2020.
There’s a nice overview here: https://www.forbes.com/sites/rohitarora/2021/01/13/what-small-business-owners-need-to-know-about-the-new-round-of-ppp-loans/?sh=460c8c6076bd
Clients, let us know if you need us to run some numbers for your business!