The Biden-Harris administration introduced several major changes to the PPP in February 2021, including: A two week period in which lenders were required to prioritize PPP applications from businesses with fewer than 20 employees, Allowing businesses to use their gross income rather than net income to calculate their PPP loan amount, Removes restrictions that made small business owners ineligible for the PPP, including those with delinquent federal student loans, those with non-fraud felony convictions, and non-citizens who are lawful U.S. residents.