The Paycheck Protection Program has been a lifeline for many businesses slammed by the coronavirus pandemic. Established last year by the CARES Act, it gave forgivable funding to businesses that spent loans mostly on payroll. In January, the program reopened for a new round and allowed some businesses to get second-draw loans.
"The program never really settled in," said Rohit Arora, chief executive of Biz2Credit, an online loan broker.Other borrowers experienced issues applying for the second round, which meant they missed out on funding. "They were just seemingly changing the rules every day," said Bonelli, adding that changing rules and additional hoops to jump through made the process long and complicated. He started his application in early March.Founder and CEO of Womply
That means businesses could cancel their pending loans and reapply at such an institution in the hopes of being able to get a piece of the funding.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
When Covid Sank This Small Business, Here’s How Its Workers ReboundedThe way the staff of a now-defunct startup near San Francisco scattered and reinvented themselves shines a light on the lessons America’s workforce is using to pivot to new opportunities. How old are you? Today is my birthday notez les faits sans discernement..HopeToGaza The world is blind and deaf! occupying Israel commit genocide in Palestine. don't be silent be hope for Palestine HopeToGaza
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »
Bullish baby boomers help fuel red hot small business M&A marketSmall business deal prices are rising at a pace not seen in decades, and baby boomer entrepreneurs are a big factor in the Main Street buying and selling.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »
San Jose Is No. 1 Among Top 25 Cities For Small BusinessBiz2Credit has identified San Jose as the “Best Small Business City in America,” based on average annual revenues, credit scores, age of business, and Biz2Credit’s proprietary BizAnalyzer score, which factors in the local business climate, including rents, cost of labor, and tax rates. this massacre must be stopped. We are with Palestine! HopeToGaza Zionists are persecuting, where is humanity? How would you feel if you were in their place? HopeTheGaza Open your ears and hear the voices of Palestine! HopeToGaza
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »