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PPP Loans Are Back: Here's What You Need To Know - Vimarsana News

PPP Loans Are Back: Here's What You Need To Know

Channel3000.com January 11, 2021 7:43 PM Robin Saks Frankel - Forbes Advisor Posted: Updated: January 13, 2021 5:40 AM The Treasury Department has reopened the Paycheck Protection Program (PPP), following new guidance on the small business forgivable loan program. The new terms aim to quell the earlier criticisms of the relief effort. Some 5,400 businesses have received about $520 billion to date, but the aid program has been plagued by confusion surrounding forgiveness eligibility and complaints that the smallest businesses were unable to gain access to much-needed support. “Toda...

PPP Loans Are Back - Here's What Small Businesses Need to Know - Vimarsana News

PPP Loans Are Back - Here's What Small Businesses Need to Know

January 8, 2021 6:47 AM newsfeedback@fool.com (Maurie Backman) Posted: Updated: January 10, 2021 5:51 AM After months of haggling, lawmakers have finally settled on a second coronavirus relief bill that was signed into law in late December. Notably, that bill includes a second set of direct stimulus payments, boosted unemployment benefits, and a much needed follow-up round of Paycheck Protection Program (PPP) loans for small businesses. What makes PPP loans so valuable is that they’re eligible for 100% forgiveness, provided the bulk of those funds are used to cover qualified payro...