President Joe Biden visits W.S. Jenks & Son, a Washington, D.C., ironmongery shop that benefited from a Paycheck Protection Program mortgage, on March 9, 2021.
Mandel Ngan | AFP | Getty Images
Though the updates had been slated to get extra funding to the smallest businesses, lots of that are minority- or women-owned, the timing created confusion for many. Sole proprietors, who would get extra money underneath the brand new calculation system, had been significantly annoyed, particularly these (*2*).
In addition, the $1.9 trillion American Rescue Plan, which President Joe Biden signed into regulation in March, awarded extra funding to the SBA. The invoice included $7 billion to develop PPP together with different provisions aiding small businesses.
Are you a small enterprise that just lately obtained a primary draw PPP mortgage and is making an attempt to get a second draw PPP mortgage? Email [email protected] to share your story.
Disclosure: NBCUniversal and Comcast Ventures are traders in Acorns.
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