Round Two: Paycheck Protection Program
Paycheck Protection Program Act extends application date through May 31. 1. PPP Eligibility is Expanded to prioritize the smallest of small businesses. The Biden-Harris Administration and SBA announced the agency has eliminated restrictions to businesses with owners who have prior non-financial fraud felony convictions. The SBA has also eliminated the restriction on businesses owned or controlled by owners who have federal student loan debt that is currently delinquent or has defaulted. 2. There’s a new calculation for sole proprietors, independent contractors, Read more