PPP loan applications reopen for small business owners
DEPARTMENTS TO CONTINUE THE BAN THROUGH AT LEAST MARCH. (áááRHEYAááá) MORE HELP IS NOW AVAILABLE FOR SMALL BUSINESSES FIGHTING TO STAY OPEN DURING THE PANDEMIC. THE PAYCHECK PROTECTION PROGRAM IS ACCEPTING APPLICATIONS AGAIN THIS ROUND OF AID IS DIFFERENT THAN WHAT WAS PREVIOUSLY OFFERED BY THE P-P-P. THE MAXIMUM LOAN IS NOW 2 MILLION DOLLARS, DOWN FROM 10. AND NOT ALL BUSINESS WILL QUALIFY. THIS TIME, OWNERS MUST SHOW THEY’VE LOST REVENU BY AT LEAST 25 PERCENT IN ANY QUARTER OF 20-20, COMPARED TO 20-19. <:12 “WE HAVE WORKED WITH THE PPP LAST TIME. WE’LL PROBABLY LOOK INTO IT AGAIN THIS TIME – ABSOLUTELY. IT’S A BIG HELP. NO QUESTION ABOUT IT. WE’RE THRILLED THAT IT’S OUT THERE”> (áááVO CONTááá) (áááRHEYAááá) THE PROGRAM WILL SLOWLY OPEN UP TO MORE BUSINESSES OVER THE NEX
PPP loan applications reopen for small business owners
Updated: 9:39 PM CST Jan 20, 2021
More help is now available for small businesses fighting to stay open during the pandemic. The Paycheck Protection Program is accepting applications again. This round of aid is different than the previously offered by the PPP. The maximum loan is now $2 million, down from $10 million, and not all businesses will qualify.This time, owners must show they’ve lost revenue by at least 25% in any quarter of 2020 compared to 2019. The program will slowly open up to more businesses over the next several weeks. The deadline to apply for all new loans is March 31.
More help is now available for small businesses fighting to stay open during the pandemic.
The Paycheck Protection Program is accepting applications again. This round of aid is different than the previously offered by the PPP.
The maximum loan is now $2 million, down from $10 million, and not all businesses will qualify.
This time, owners must show they’ve lost revenue by at least 25% in any quarter of 2020 compared to 2019.
The program will slowly open up to more businesses over the next several weeks. The deadline to apply for all new loans is March 31.