News: PPP
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Small businesses suffering financial hardships due to COVID-19, including the rental housing industry and companies that serve that industry, will soon get another chance to obtain loans under the federal government’s Paycheck Protection Program, or PPP, and the Economic Injury Disaster Loan Program.
Congress on Thursday approved a $484 billion stimulus plan that includes about $380 billion to replenish the PPP, which ran out of money last week, just days after its debut.
The PPP aims to help businesses with 500 or fewer employees, including sole proprietors, independent contractors and people who are self-employed, by providing a forgivable loan of… Read More
Tagged: COVID-19