; and (BB) may not be made to a publicly traded entity. (bb) Business concerns with more than 1 physical location (AA) In general For purposes of a supplemental covered loan under this clause, subparagraph (D)(iii) shall be applied by substituting not more than 100 employees per physical location for not more than 500 employees per physical location . (BB) Limit for multiple locations For an eligible recipient with more than 1 physical location, the total amount of all supplemental covered loans under this clause to the eligible recipient shall not be more than $2,000,000. (VI) Maximum amount for supplemental PPP The maximum amount of a supplemental covered loan under this clause is the lesser of— (aa) the product obtained by multiplying— (AA) the average total monthly payments for payroll costs by the eligible recipient used to determine the maximum amount of the covered loan under clause (i) made to the eligible recipient under this paragraph; by (BB) 2.5