Biden targets smallest businesses with exclusive aid window  POLITICOView Full Coverage on Google News
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

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

The Biden administration is boosting federal COVID-19 pandemic assistance for small businesses, especially those owned by women and people of color.The Biden administration is boosting federal COVID-19 pandemic assistance for small businesses, especially those owned by women and people of color.

Biden to boost COVID PPP lending to smallest businesses - Los Angeles Times

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

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?

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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

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 announced changes to the Payroll Protection Program that aim to help the smallest companies.Smallest businesses will have two-week to exclusively apply.

Biden to Boost Pandemic Lending to Smallest Businesses

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 | khou.com

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

WASHINGTON (AP) — President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of... WASHINGTON (AP) — President Joe Biden announced changes Monday to target more federal pandemic assistance to the nation’s smallest businesses and ventures owned by women and people of...

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

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

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

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

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 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

White House wants to provide more support to businesses with fewer than 20 workers, as well as sole proprietors.

Biden to make it easier for smallest businesses to take out a PPP loan - CBS News

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

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

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

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.

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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

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 | abc11.com

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

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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

WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with

SBA prioritizes smallest of small businesses in Paycheck Protection Program - Lane Report | Kentucky Business & Economic News

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

The Biden administration announced Monday that it was changing the Paycheck Protection Program (PPP) to make it easier for felons and those who have a history of being delinquent in paying back loans to get PPP loans.The Biden administration announced Monday that it was changing the Paycheck Protection Program (PPP) to make it easier for felons and those who have a history of being delinquent in paying back loans to get PPP loans.

Biden Makes ‘Equitable’ PPP Loans Easier To Get For Some Felons, Ensures Access For ‘Non-Citizen’ Small Business Owners | The Daily Wire

Some Minnesota business owners are finding that the forgivable PPP loan they received during the pandemic is subject to the state's corporate income tax.Some Minnesota business owners are finding that the forgivable PPP loan they received during the pandemic is subject to the state's corporate income tax.

Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second Draw Rules”). These rules announced the...Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Second Draw Loans” (“Second Draw Rules”). These rules announced the implementation of...

Economic Aid Act: 10 Things to Know about Second Draw PPP Loans - Update #2 | Schwabe, Williamson & Wyatt PC - JDSupra

U.S. Senator, Joni Ernst, a Republican member of the Senate Committee on Agriculture, Nutrition and Forestry and the Senate Small Business Committee, has joinedU.S. Senator, Joni Ernst, a Republican member of the Senate Committee on Agriculture, Nutrition and Forestry and the Senate Small Business Committee, has joined a bipartisan effort to increase eligibility for Paycheck Protection Program (PPP) loans for

Senator Ernst Joins Bipartisan Effort To Include Farmers And Ranchers In Eligibility For PPP Loans | CBC Online - Carroll Broadcasting

The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.The Small Business Administration wants to vet Paycheck Protection Program loans of $2 million or more, but lenders have grown tired of waiting for months with no updates.

Bankers plead for answers from SBA on forgiving big PPP loans | American Banker

Louisiana businesses have been approved for $2.02 billion in federal Paycheck Protection Program loans, just weeks after the U.S. Small Business Administration began taking applications for a second round ofLouisiana businesses have been approved for $2.02 billion in federal Paycheck Protection Program loans, just weeks after the U.S. Small Business Administration began taking applications for a second round of

More than $2 billion in new 'paycheck protection' loans approved in Louisiana | Business | theadvocate.com

Normally, forgiven loans or grants would be taxable. Changes have been made at the federal level to make forgiven PPP loans non-taxable.Normally, forgiven loans or grants would be taxable. Changes have been made at the federal level to make forgiven PPP loans non-taxable.

Forgiven PPP Loans Currently Taxable Under Minnesota Law | Twin Cities Business

The administration is establishing a two-week window, starting on Wednesday, in which only businesses with fewer than 20 employees — the overwhelming majority of small businesses — can apply for the forgivable loans.

Paycheck Protection Program: $1 billion Biden effort seeks to aid businesses owned by women, people of color - al.com