Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications

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Biden Changes P.P.P. Rules for Self-Employed People, Pauses Some Applications The New York TimesView Full Coverage on Google News

A more generous loan formula for solo ventures is meant to get more very small businesses into the Paycheck Protection Program. But bigger applicants face a two-week pause.A more generous loan formula for solo ventures is meant to get more very small businesses into the Paycheck Protection Program. But bigger applicants face a two-week pause.

Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left behind financially, the White House said.Biden's changes to the PPP loan rules are designed to ensure that smaller companies aren't left behind financially, the White House said.

Biden changes PPP loan rules, only small firms can claim for 2 weeks

President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The...President Joe Biden is targeting more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of color. The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program.

Biden Changes PPP Rules to Give Smallest Businesses Access to Loans – NBC Bay Area

Florida is among the top states when it comes to the number of small business loans handed out from the federal government this year.Florida is among the top states when it comes to the number of small business loans handed out from the federal government this year.

Florida Among Top States for PPP Loans in 2021 – NBC 6 South Florida

The Biden administration announced Monday plans to deliver “equitable relief” to small businesses impacted by the coronavirus outbreak, with a focus on minority-owned businesses.The Biden administration announced Monday plans to deliver “equitable relief” to small businesses impacted by the coronavirus outbreak, with a focus on minority-owned businesses.

Which states are taxing forgiven PPP loans? Learn more about state tax PPP loan forgiveness and compare the state tax treatment of forgiven PPP loans.Congress chose to exempt forgiven Paycheck Protection Program (PPP) loans from federal income taxation. Many states, however, remain on track to tax them by either treating forgiven loans as taxable income, denying the deduction for expenses paid for using forgiven loans, or both.

PPP Loan Forgiveness: Which States Are Taxing Forgiven PPP Loans?

The federal government’s signature coronavirus-relief program for small businesses will accept applications exclusively from companies with fewer than 20 employees for 14 days starting Wednesday, President Joe Biden will announce today, according to administration officials. As The Wall Street Journal reports, the officials say the exclusive application window is one of several steps the Small …

PPP to offer exclusive COVID-19 application window for smallest firms

Restaurants and other businesses with fewer than 20 employees will be the only ones allowed to apply for relief funding for a two-weekRestaurants and other businesses with fewer than 20 employees will be the only ones allowed to apply for relief funding for a two-week

Biden gives indies a bump in the PPP line

Late last year, Congress renewed the Paycheck Protection Program. This time, the popular program has safeguards directing money to smaller companies. While Salem companies say they are benefitting, the program hasn’t solved all their problems. Late last year, Congress renewed the Paycheck Protection Program. This time, the popular program has safeguards directing money to smaller companies. While Salem companies say they are benefitting, the program hasn’t solved all their problems.

With small businesses in mind, federal dollars again flow to Salem businesses | Salem Reporter

Among other adjustments, the President's plan will make it easier for sole proprietors to access Paycheck Protection Program loans.Among other adjustments, the President's plan will make it easier for sole proprietors to access Paycheck Protection Program loans.

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President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.President Joe Biden said his administration is seeking to help small businesses by giving them exclusive access to the Paycheck Protection Program for two weeks, and he called on lawmakers to pass his $1.9 trillion stimulus plan to provide additional assistance.

Biden Gives Small Firms Exclusive Access to Paycheck Program - The Washington Post

Biden's team is also carving out $1 billion to direct toward sole proprietors, such as home contractors and beauticians, the majority of which are owned by women and people of color.

Biden creates 2-week window for only the smallest businesses to apply for pandemic relief - Portland Press Herald

The Biden administration announced a series of changes to the Paycheck Protection Program, the stimulus program that has offered forgivable loans to businesses around the country since the coronavirus pandemic began.The Biden administration announced a series of changes to the Paycheck Protection Program, the stimulus program that has offered forgivable loans to businesses around the country since the coronavirus pandemic began.

The Biden administration announces a host of changes to the PPP, the stimulus program for small businesses

President Biden on Monday will announce policy changes to the Paycheck Protection Program (PPP) aimed at targeting assistance to businesses that employ 20 or fewer workers and those that are minority-owned. President Biden on Monday will announce policy changes to the Paycheck Protection Program (PPP) aimed at targeting assistance to businesses that employ 20 or fewer workers and those that are

Biden readies changes to PPP to prioritize small, minority-owned businesses | TheHill

Biden’s team is also carving out $1 billion to direct toward sole proprietors, such as home contractors and beauticians.The administration is establishing a two-week window in which only businesses with fewer than 20 employees can apply for forgivable loans.

Paycheck Protection Program: Biden addresses pandemic's impact | kare11.com

President Biden announced on Monday that he would make it easier for certain small business owners with student loans and past felony convictions to access federal financial relief programs.President Biden announced on Monday that he would make it easier for certain small business owners with student loans and past felony convictions to access federal financial relief programs.

Biden Eases Access To Small Business Relief For Owners With Student Loans, Past Criminal Convictions

For two weeks, mom-and-pop businesses will move to the front of the line for Paycheck Protection Program loans.For two weeks, mom-and-pop businesses will move to the front of the line for Paycheck Protection Program loans.

Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.

PPP processing delays continue - Journal of Accountancy

President Joe Biden will launch changes on Monday to the main coronavirus aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid.President Joe Biden will launch changes on Monday to the main coronavirus aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid.

Biden to revise small business loans to reach smaller, minority firms | KSL.com

President Biden on Monday announced policy changes to the Paycheck Protection Program (PPP) meant to target coronavirus relief to the smallest businesses and minority-owned firms.President Biden on Monday announced policy changes to the Paycheck Protection Program (PPP) meant to target coronavirus relief to the smallest businesses and minority-owned firms.

Biden announces policy changes to target COVID-19 aid to smallest businesses | TheHill

Among the changes announced Monday, businesses with more than 20 employees will be shut out of the PPP program for a two-week period starting Wednesday.Among the changes announced Monday, businesses with more than 20 employees will be shut out of the PPP program for a two-week period starting Wednesday.

President Joe Biden tweaks Paycheck Protection Program rules to reach smallest companies

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U.S. President Joe Biden will launch changes to the main U.S. aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors.U.S. President Joe Biden will launch changes to the main U.S. aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors.

President Joe Biden announced changes to the Paycheck Protection Program Monday aimed to ensure that small and minority-owned businesses qualify for federal assistance.Biden had previously criticized the loan program for having helped larger businesses with existing banking relationships while many smaller businesses struggled to get relief.

Biden announces changes in loan program aimed at aiding small and minority-owned businesses

For two weeks, Small Business Admin will only take applications for PPP loans from firms with fewer than 20 employees.For two weeks, Small Business Admin will only take applications for PPP loans from firms with fewer than 20 employees.

President Joe Biden on Monday launched changes to the U.S. coronavirus aid program for small businesses to try to reach smaller and minority-owned firms, sole proprietors and those with past criminal records left behind in previous rounds of aid.President Joe Biden on Monday launched changes to the U.S. coronavirus aid program for small businesses to try to reach smaller and minority-owned firms, sole proprietors and those with past criminal records left behind in previous rounds of aid.

Biden to revise small business PPP loans to reach smaller, minority firms | Reuters

Businesses with 20 or fewer employees and the self-employed get a window in which to apply for federal paycheck support.Businesses with 20 or fewer employees and the self-employed get a window in which to apply for federal paycheck support.

Latest round of PPP loans will help the smallest of businesses :: WRAL.com

Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment, people and gossip, and political cartoons. The Biden administration is stepping in after Paycheck Protection Program loans went to some not-so-small businesses the first time around. Compared to the first round issued last year, the latest round of pandemic relief loans have gone to far more very small businesses, businesses in rural areas, and minority-owned businesses. But the Biden administration is still implementing reforms to ensure the loans keep going to businesses with fewer than 20 employees and focus the reforms on people who need them most, it announced Monday. After one month, 60 percent more of this round's PPP loans have gone to businesses with fewer than 10 employees this time around, and more than 30 percent more have gone to rural businesses. But starting Wednesday, the Biden administration will only allow businesses with fewer than 20 employees to apply for the loans for 14 days so lenders can prioritize those businesses. The changes also open up the loans to people with non-fraud felony convictions, in accordance with a bipartisan bill waiting for consideration in the Senate, and to non-citizen business owners. Biden also laid out modifications aimed at tackling "waste, fraud, and abuse across all federal programs" after billions of dollars of the last round of loans were flagged for potential fraud. Getting approved for a PPP loan is now "contingent on passing [Small Business Association] fraud checks, Treasury's Do Not Pay database, and public records," the White House said. Changes to the PPP loan application and further engagement with loan recipients are also aimed at better targeting who needs relief most. Kathryn Krawczyk

Biden tweaks PPP loan rules to prioritize smallest businesses

The Biden administration announced several planned changes to the Paycheck Protection Program aimed at delivering “equitable relief” to small businesses.Small businesses with fewer than 20 employees will have a two-week window to apply for funding, beginning Wednesday.

Paycheck Protection Program: Biden Admin to Change PPP to Target Small Businesses | National Review

Only businesses with fewer than 20 employees will be able to apply for aid through the massive Paycheck Protection Program.

Biden targets smallest businesses with exclusive aid window - POLITICO

President Biden today announced changes to the COVID-relief business loans program aimed toward the small and minority-owned businesses left out in previous rounds of aid. The changes make it easier to qualify, and includes an exclusive 14-day window for small business owners to apply for loans, starting Wednesday. Here’s what you need to know.President Biden today announced changes to the COVID-relief business loans program aimed toward the small and minority-owned businesses left out in previous rounds of aid. The changes make it easier to qualify, and includes an exclusive 14-day window for small business owners to apply for loans, starting Wednesday. Here’s what you need to know.

How to Get a PPP Loan for Your Small Business, Finally

U.S. President Joe Biden will launch changes on Monday to the main U.S. coronavirus aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors left behind in previous rounds of aid.U.S. President Joe Biden will launch changes on Monday to the main U.S. coronavirus aid program for small businesses to try to reach smaller, minority-owned firms and sole proprietors left behind i…

Biden revises small business loans to reach smaller, minority firms | CW39 Houston

67% of loan recipients expect to exhaust their second loan funding in April or May.67% of loan recipients expect to exhaust their second loan funding in April or May.

Small businesses say even second round of PPP loans not enough - Axios

The Biden administration on Monday announces that the federal government's Paycheck Protection Program will be available only to small businesses with fewer...The Biden administration on Monday announces that the federal government's Paycheck Protection Program will be available only to small businesses with fewer...

Small businesses with fewer than 20 employees to get exclusive access to PPP loans for 2 weeks - MarketWatch

The feds will give America's smallest businesses two weeks to access coronavirus relief loans without larger companies gumming up the works.The feds will give America’s smallest businesses — including people who work for themselves — two weeks to access coronavirus relief loans without larger companies gumming up the works,

Tiny firms will get PPP loans to themselves for 2 weeks

Administration officials say changes to the Paycheck Protection Program will allow more money to be directed to small businesses that need it most.Administration officials say changes to the Paycheck Protection Program will allow more money to be directed to small businesses that need it most.

President Biden to open up PPP loans to more small businesses

President Joe Biden announced changes Monday to the Paycheck Protection Program to target more federal pandemic assistance to the nation's smallest businesses and ventures owned by women and people of color.The administration is establishing a two-week window in which only businesses with fewer than 20 employees can apply for the forgivable loans.

Paycheck Protection Program: Joe Biden boosts pandemic lending to smallest businesses | abc13.com