New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees
From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees.
The move is meant to make it easier for businesses with few or no employees - sole proprietors, independent contractors, and self-employed people such as house cleaners and personal care providers - to apply that previously could not qualify due to business cost deductions.
In addition to the 2-week application period:
- $1 Billion will be set aside for low to moderate income areas, where businesses are mostly owned by women and people of color.
- Legal residents who are non citizens will not be excluded from the program.
- Will eliminate exclusions that prohibit a business owner who is delinquent on their student loans from applying to the program.
Please visit the SBA website for requirements, bank locations and further information.
NEW PATH BUSINESS ADVISORS
For over 20 years, the leadership of New Path Business Advisors has helped hundreds of organizations and thousands of individuals identify and overcome roadblocks to financial, professional, and personal success. The foundation of success resides in your ability to define and live by your Core Values. We help you develop lead generation, sales, and growth…
NTIVA
Ntiva provides Managed IT Services, Cloud, Cyber Security, Telephony, IT Consulting, and more to businesses looking to grow with technology. Ntiva was officially founded in 2004 by CEO Steven Freidkin with only a handful of technicians. Over the years, we’ve grown both organically and through acquisition across multiple states. We now empower the growth of…
OPEN ONE SOLUTIONS
Custom integrated phone system designed to increase efficiency within your business choreographed with every function of the business. We provide the most advanced, state of the art equipment in IP telephony with as many, or as few features as you want, orchestrated to operate exactly how you want. Harney has collected a team of local…
