News (2420)
Extending PPP Program
The house votes to extend the Paycheck Protection Program for two months, reports Business Insider.
To continue providing aid to small businesses recovering from the pandemic, the House voted on Tuesday to extend the Paycheck Protection Program (PPP) by two months, ahead of its expiration on March 31.
Read more...Small Businesses Got Less Forgivable Funds
Small businesses that applied early to the latest round Paycheck Protection funding received less forgivable funding than those who waited, reports CNBC.
For some of the smallest businesses that applied for forgivable loans through the Paycheck Protection Program, waiting just a few days or weeks would’ve gotten them thousands of dollars more.
Read more...American Rescue Plan for Small Business
The American Rescue Plan contains less support for small businesses, reports CBS News.
The Biden administration acknowledges that small businesses continue to face an "immediate crisis" because of the economic fallout from the coronavirus.
Read more...Loan Rates Dropping
Loan approval rates are dropping for small businesses, reports Small Business Trends.
Loan approval rates made to small businesses by banks and other lenders have fallen significantly since their peak a year ago. The decline in loan approval rates to small businesses is noted in the latest Biz2Credit Small Business Lending Index.
Read more...PPP Program Gets Extension
The Paycheck Protection Program has been extended for two additional months, reports Politico.
Senior House and Senate lawmakers have reached an agreement to extend the Paycheck Protection Program for two months amid growing concern that the March 31 expiration of the landmark small-business rescue plan would deprive many employers of aid.
Read more...New Relief Bill Helps Small Business
According to the Guardian, there are several ways the American Rescue Plan can help small businesses.
Thanks to the stimulus programs, there are now five ways small can save big on their taxes in 2021 … and even get money back.
Read more...Self-employed Can Apply for PPP Loan
According to CNBC, self-employed and gig workers can now apply for Paycheck Protection Program funds.
Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications.
Read more...PPP Program Set to End
The Paycheck Protection Program is set to end on March 31, reports INC.
With about $128 billion currently up for grabs, the Paycheck Protection Program will sunset at the end of this month--and, as yet, there are no plans to revive it.
Read more...Latest Small Business Relief Passes Senate
The Senate has passed the latest relief package which contains funding for small business and nonprofits, reports KWWL.
The United States Senate passed the $1.9 trillion COVID plan proposed by President Joe Biden Saturday. The package also includes tens of billions of dollars in aid for small businesses and not for profits whose bottom lines have been hard hit by the pandemic.
Read more...Payroll Protection Program Rule Changes
Recent changes to the rules surrounding the latest Payroll Protection Program’s rules have small businesses excited, reports CNBC.
When Sinelia Louis, 50, heard about the recent changes to the Small Business Administration’s Paycheck Protection Program, she felt like her prayers had been answered.
Read more...
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