PPP (Payroll Protection Program) NEW RULES!!
South Kensington Community Partners
Small Business Owners: What You Need To Know About The New PPP Rules
Morgan Simon, Forbes
Are you a small business owner, working on your own or with less than 20 employees? Do you have student debt, a felony record, or are you a Green Card holder? The Biden administration announced five major changes in the Payroll Protection Program this week, which could make a big difference in making sure your application reaches the front of the line this time around.
Here are the updates:
1. Less restrictions on formerly incarcerated small business owners
2. More access for immigrant business owners
3. No more penalizing business owners with student loans
4. Two-week focus period for business owners with less than 20 employees
5. No more restrictions on business owners without a payroll
Read here for details.