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Businesses Have More Time to Apply for PPP Loans

Since then roughly $14 billion in PPP loans have been handed out in Florida, according to the Small Business Administration (SBA). Now, business owners have even more time to apply.
“It actually gives them additional time to apply if they never got a chance to apply to begin with,” said SBA spokesperson Victoria Guerrero.
Guerrero is the South Florida District Director for the Small Business Administration. She said though businesses have more time to apply, it does not change the steps they have to take to apply for forgiveness.
“I want business owners to remember you have 10 months from the time that your PPP funds have run out to apply for forgiveness,” Guerrero said. ....

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Florida Among Top States for PPP Loans in 2021

Hall is the owner of Phillips Concessions, LLC. Her company operates concessions at places like the Miami International Airport and at a local hospital.
Hall said she applied for a loan from the Paycheck Protection Program for the second time. It is money, she said, that will help her small business during the pandemic.
The forgivable loan program opened back up in mid-January and many small business owners like Hall decided to dip into the PPP pot once again.
“Covid is still so uncertain. Even though some of our sales have increased slightly at some of the locations, we don’t know what the next chapter holds for us,” Hall said. ....

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