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PPP is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast
Reprinted article by Mat Sorensen, Contributor to Entrepreneur.com

The new round will go even quicker, so those who missed out must choose the right bank and move immediately.

On Tuesday, the Senate approved an additional $310B of funding for the popular Paycheck Protection Program (PPP) loans for small-business owners, and the House is expected to approve the measure as soon as today.

The limited funds have unfortunately created some winners and losers in the race for PPP dollars. One reality is that the smallest of small businesses have faced the biggest uphill battle. The National Small Business Association conducted a survey of 980 small-business owners between April 15-18, revealing that 52 percent?of small businesses with 20 employees or more received approval for their PPP loan, while only 18 percent?of those with 10 or fewer employees received approval.

Here are a few key nuances of the new round of funding, as well as guidance on how to ensure you get your share…

Read the full article on Entrepreneur.com

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