PPP Is Again Accepting Applications
More than $130 billion in Paycheck Protection Program funding remains to help those impacted by COVID-19.
Here's what you need to know:
1) Nonprofits and faith-based organizations, sole proprietors, independent contractors and those who are self-employed are all eligible.
2) Forgiveness is easier to qualify for with the PPP Flexibility Act signed into law in June. To qualify for forgiveness, at least 60% of the loan must be spent on payroll within 24 weeks of disbursement.
3) The new deadline to apply is August 8, 2020.