PPP (Payroll Protection Program) NEW RULES!!

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.

Check out this guide for first-time applicants.

PPP = Paycheck Protection Plan Funding

PPP at Community First
SBA Paycheck Protection Program Loan
A new round of funding for the Paycheck Protection Program (PPP), administered by the SBA, continues the availability of much-needed financial support for eligible small businesses to help keep employees and stay open safely during the COVID-19 pandemic. To provide the highest level of customer service, we are dividing applications into two different categories: 1. Second-Time Community First Fund PPP Borrowers, and 2. First-Time Community First Fund PPP Borrowers.

Read more here and to start your application.