Breaking: Immediate and significant changes to PPP program signed by President Biden

Today, President Joseph Biden announced immediate and significant changes to the Paycheck Protection program, as follows:

  1. Priority period for businesses with fewer than 20 employees for two weeks starting this Wednesday, February 24th.
  2. Different loan (grant) calculation for sole proprietors and a set-aside of $1 billion for businesses in low- and moderate income areas.
  3. Made eligible those with non-fraud felony convictions.
  4. Made eligible business owners with student loan defaults.
  5. Made eligible all lawful U.S. residents with visas or Green Cards.

Forbes magazine has more details on these breaking developments here.

Attorney | ‭513-943-6655 | chris@finneylawfirm.com | + posts

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