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PPP loans prioritize businesses with 20 employees or less, changes eligibility

PPP loans prioritize businesses with 20 employees or less, changes eligibility Next round of PPP Loans prioritizes smaller businesses PPP loan changes help Tallahassee small business owners and last updated 2021-02-23 18:06:26-05 TALLAHASSEE, Fla. (WTXL) — More relief for small businesses struggling to rebound during this pandemic is on the way, with new changes to the Paycheck Protection Program known as PPP. The biggest change is on who is eligible to be part of the Payment Protection Program. That change was made to give more small and minority business owners a better chance at keeping their doors open. Trenice Seniors owns Celebrities Hair Design in Tallahassee. She says even before Governor Ron DeSantis called for salons to shut down in the spring of 2020, she was already feeling the pinch.

Cory Booker Tells Biden Nominee That Marijuana Convictions Shouldn t Disqualify People From Federal Aid

After Black businesses missed out on PPP, Biden-Harris seek to remedy

U.S. President Joe Biden speaks during an announcement related to small businesses at the South Court Auditorium of the Eisenhower Executive Office Building February 22, 2021 in Washington, DC. (Photo by Alex Wong/Getty Images) When COVID-19 hit in early 2020, the outcry was on a grand scale for minority businesses that were trying to stay in the black and keep their doors open. But when the help came in the form of the Payment Protection Program (PPP) the distribution of the financial rescue was not equitable.   (Photo: Adobe Stock) People who did not have established relationships with banks lost out. In fact, banks did not track the number of minority businesses they connected with at the time as they were not required to keep a loans tally of minority businesses they contracted with. 

Biden makes announcement on aid for small businesses - KOBI-TV NBC5 / KOTI-TV NBC2

Biden makes announcement on aid for small businesses - KOBI-TV NBC5 / KOTI-TV NBC2
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You may notice some changes when filing your taxes this year

You may notice some changes when filing your taxes this year
kyma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kyma.com Daily Mail and Mail on Sunday newspapers.

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