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Another Round of PPP To Get Through The Winter

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Small business owners have carried the brunt of the pandemic Situs Nonton Movie Sub Indo, particularly the retail and hospitality industries. Early on, the government implemented the Paycheck Protection Program to help struggling business owners. It gave small business owners forgivable loans if they used the money to keep workers on the payroll. A popular program, it was exhausted quickly.

Since then, the number of coronavirus cases is skyrocketing and states like California are in widespread lockdowns. After months of wrangling, more aid is on its way. Last week Congress passed new legislation, appropriating $284 billion in PPP loans to small businesses. Small business owners who received a PPP loan but saw sales fall 25% or more can apply for a new PPP loan.

“Our expectation and hope was that those in Washington would stop playing politics and focus on the small businesses who need another round of PPP to make it through the winter,” said Blake. “If it didn’t pass it would be a very long and dark winter. We would see a lot more business closures, more than thus far.”