The White House recently announced new changes to the Paycheck Protection Program (PPP) to better focus federal relief funds and aid struggling small businesses that may have been left behind during the first rounds of funding. The changes come at a critical time, when our research reveals that minority-owned businesses have greatly struggled to secure capital compared to their white counterparts.
Mientras las pequeñas empresas de la nación siguen esperando más ayuda de financiamiento por parte del gobierno federal, una nueva subvención establecida por la legislación de estímulo firmada el pasado Diciembre por el Congreso puede ayudar a aliviar la carga de dueños de locales durante la pandemia.
While small businesses across the nation continue to wait for more financial aid from the federal government, a new grant established by the December stimulus bill passed by Congress can help ease the burden of venue owners during the pandemic.
La Administración Federal de Pequeñas Empresas de EE. UU. (SBA por sus siglas en inglés) ha lanzado un Portal de Perdón Directo del Programa de Protección de Sueldos (PPP por sus siglas en inglés), que ayudará a agilizar el proceso de condonación de préstamos de $150,000 o menos, y permitirá a los propietarios de pequeñas empresas presentar una solicitud directamente a través de la SBA.
The U.S. Small Business Administration (SBA) has launched a Payment Protection Program (PPP) Direct Forgiveness Portal, which will help streamline the forgiveness process for loans of $150,000 or under, and allow small business owners to apply directly through the SBA. The new forgiveness platform will begin accepting applications from borrowers on August 4, 2021 and is currently operating under an invite-only pilot period.
As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. We are compiling relevant resources and information on new funding opportunities and policy developments that we are sharing on our website and through online presentations. We will be posting updates to this page with useful information about the ways California small businesses can prepare for the impact of COVID-19 on their business and community.
This blog originally appeared on the blog of our partner CDC Small Business Finance
As a small business owner, we know you need relief and you want it fast. We urge you to be diligent when getting an emergency loan. It’s critical to know how to not fall victim to scams and fraud.
“Fraudsters have already begun targeting small business owners during these economically difficult times,” according to the SBA, which warned owners in particular of grant and loan fraud and phishing schemes.
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