Smaller businesses became entitled to submit an application for loans today, a process thatвЂ™s left many confused about whether or not they qualify.
Treasury Secretary Steven Mnuchin released the guidelines for small businesses that want to apply for loans through the Paycheck Protection Program (PPP), created as part of the $2 trillion COVID-19 relief package yesterday.
The spread associated with the virus has led organizations around the world to either cut hours or entirely shut down. These lost months might be sufficient to push nearly 1 / 2 of small enterprises in to the red.
HereвЂ™s everything we understand to date. Continue reading “HereвЂ™s everything we find out about the governmentвЂ™s business loan system”