PPP changes to aid smallest businesses

February 22, 2021

President Joe Biden announced changes Monday, Feb. 22, to the Paycheck Protection Program (PPP) aimed at ensuring more small and minority-owned business are able to qualify for federal assistance as a result of the COVID-19 pandemic.

The changes aim to facilitate loans for contractors and self-employed people, noncitizens who are lawful U.S. residents and business owners with previous nonfraud convictions, Biden said.

The administration’s changes will also open a 14-day window starting March 9 for businesses with fewer than 20 employees to apply for relief. Read more.

← View All News