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PPP Changed to Help Small Businesses

The federal Paycheck Protection Program has been modified to give more help to businesses with fewer than 20 employees. For two weeks beginning Wednesday, small businesses that want to apply for the loans will be the only applications accepted for the program. Some eligibility rules have also changed that allow self-employed, sole proprietors and independent

Paycheck Protection Program Now Available

The Paycheck Protection Program is now live for small businesses and sole proprietorships and and starting April 10 independent contractors and self-employed individuals can apply. The program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.