. >> alameda wealth advise oar keith osley spent weeks. >> they might not need the cash right now, but they might see a slow period coming up. you know, there might be a seasonal business and need the funds in a month or two. >> so what else will be different? previously loans were capped at $10 million. now the most a business can receive is $2 million. the new bill allows for ppp funds to be tax deductible. plus loan money can be used as safety upgrades or to fix property damage not covered by insurance. >> any sort of disaster that they have themselves, whether that was, you know, from violence or from different protests that they might have had. >> lastly, publicly traded companies are not eligible for ppp loans this time, comic bookstore owners won't have to wait four months to get a $40,000 loan. >> banks tend to favor those customers that have power behind them. it's actually hoping that it gets to those people who are on main street. >> main street and hyde street. >> it feels like we're the last lighthouse. >> stephanie sierra, abc 7 news. >> senate democrats tried and failed

. >> reporter: keith osley has spent weeks studying the legislation. he explains borrowers will now benefit from choosing the time period the funds need to be used by. >> they may not need the cash right now but they might see a slow period coming up, they might be a seasonal business and need the funds in a month or two. >> reporter: previously loans were capped at 10 million. now the most a business can receive is $2 million. loan money can be used for safety upgrades at businesses or to fix property damage not covered by insurance. >> any sort of disaster that they have themselves, whether that was, you know, from violence or from different protests that they might have had. >> reporter: lastly, publicly traded companies are not eligible for ppp loans this time. with hopes that comic bookstore owner joe fields won't have to wait three months to get a $40,000 loan. >> banks tend to favor those customers that have power behind them. i'm really hoping it actually gets to those people who are on main street. >> reporter: main street and hyde street. >>