The newest government Salary Coverage Program even offers forgivable financing to smaller businesses, it might have been altered a few times. I respond to all your valuable biggest concerns.
By: Sean Ludwig, Factor
Up-to-date six/1/21: New PPP loan application webpage try closed. PPP apps are not any stretched are recognized. To learn more about most other gives, money and applications open to small businesses, excite see these posts:
Perhaps one of the most thorough parts of brand new You.S. government’s reaction to COVID-19 interruptions for businesses was the creation of the Salary Safeguards Program (PPP). This method features marketed more $500 mil inside finance due to the fact their manufacturing. However, the application form has evolved a few times because was originally composed within the . As such, of numerous smaller businesses not be able to navigate certain regions of the newest PPP, instance qualification and you may forgiveness.
