Photo by Jason Connolly / Summit Daily archives . While similar to the first round, in that the program provides a loan to small businesses that is intended to be forgivable, there are some notable differences when it comes to eligibility and the loan amount — specifically for the hospitality industry. Frances Padilla, district director for the U.S. Small Business Administration in Colorado, explained that there is a narrower eligibility for this round of the program, including a lower cap on the number of employees for businesses that are applying for a second time: Only businesses with 300 or fewer employees can apply, down from the previous limit of 500 employees. Business owners have to prove they’ve experienced a revenue reduction, too.