Biden Makes Changes To PPP Loans: What You Need To Know

Author: External Author | | Categories: Business Accounting , Small Business Accounting , Tax Advisor , Tax Planning

Blog by J&R Accounting Group LLC

In an early move to put his stamp on the Paycheck Protection Program (PPP), on February 22, 2021, President Biden announced some new changes that make it easier for businesses with fewer than 20 employees to get loans, and puts enhanced scrutiny on some of the largest borrowers. In a public address and subsequent White House written release, Biden laid out some “reforms” to the PPP, the SBA’s loan to grant program now in its third round of funding.

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Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Neil Hare

Original Article Posted on:  Feb 23, 2021

Link to Original Article:  https://www.forbes.com/sites/allbusiness/2021/02/23/biden-makes-changes-to-ppp-loans-what-you-need-to-know/?sh=7c6087f53af0



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