SMALL BUSINESS EXCLUSIVE ACCESS TO PPP LOANS
The Biden administration has announced several changes in an effort to increase opportunities for very small businesses to access PPP loans.
To that end, during an exclusive two-week period beginning February 24, the Small Business Administration will only review and accept applications from businesses with less than 20 employees. After the 14 days, all qualified businesses can resume applying.
This important PPP program is set to expire at the end of next month and approximately half of the funds allocated are still available. We highly encourage you to take advantage of this benefit, including the opportunity to apply for a second draw loan.
The U.S. Travel Association has put together a set of PPP aplication resources. To learn more, access here.