New round of PPP loans in the works

With a probable extension of the Paycheck Protection Program (PPP) in the works, now is the time for businesses to be talking to their lenders. Businesses will need to show the impact of revenue loss compared to a year ago.

While nothing is finalized, it appears that the new round will have budget allocated specifically for businesses with 10 or fewer employees, as well as a program targeted to seasonal businesses whose entire season was scrapped due to COVID-19 restrictions.

Read the Forbes summary here >>