Paycheck Protection Program coming to an end
March 18, 2021
Businesses have just under two weeks left to apply for a loan through the Paycheck Protection Program (PPP), a pandemic-related relief option that has recently undergone some program changes to make the system more equitable. The program closes on March 31 for both first and second draw loans.
PPP loans are intended to be a direct incentive for small businesses to keep their workers on payroll and the Small Business Administration (SBA) says the loans will be forgiven if all employee retention criteria are met and the funds are used for eligible expenses.
The loans can be used to help fund...
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