Within the Information: Biden Units New PPP Mortgage Guidelines for Small Companies


Earlier this week, President Joe Biden put in place new guidelines for the Paycheck Safety Program that offers unique entry to those PPP loans to the smallest of small companies in America.

Beginning on Wednesday, firms with lower than 20 workers, would be the solely companies allowed to use for PPP loans. This exclusivity lasts for two weeks.

Biden says these small companies have been “muscled out” of the PPP mortgage course of too typically the course of the pandemic. Greater than 5 million small companies nationwide have gotten a PPP mortgage because the program launched in 2020.

That is the second spherical of PPP loans within the coronavirus pandemic.

Along with the 2-week window for these very small companies, there are different new guidelines that permit extra enterprise homeowners entry to PPP loans. For extra on this story, take a look at our report from earlier this week: Biden Modifications PPP Mortgage Guidelines to Profit the Smallest Small Companies



Small Enterprise Information Roundup – February 26, 2021

Right here’s a have a look at the remainder of this week’s headlines necessary to small enterprise homeowners nationwide:

This Laptop computer Riser Has a Whiteboard Constructed In

With the earn a living from home period exhibiting no signal of abating, there’s a rising demand for workspaces that nurture proficiency and productiveness. Because of this, increasingly merchandise are coming onto the market aimed toward streamlining trendy workplaces. One such product is called The Carry.

New Software Permits Freelancers to Get Paid Faster and in Native Foreign money

Getting paid for work, or – higher nonetheless – getting paid on time, might be the bane of freelancers’ life. A device due to this fact that guarantees to streamline the fee course of for freelancers is prone to be greeted with open arms. In walks Accelerated Cost, a brand new device Stoke Expertise, a number one freelance administration system.

Practically 12 Million Vinyl Data Bought in 2020

For those who thought the pandemic would take its toll on companies like people who promote vinyl data and different music varieties, suppose once more. In 2020, about 12 million vinyl data bought. This was a part of greater than 16 million items of bodily music bought worldwide. Bodily music witnessed a 40% improve in gross sales over 2019. This was the discovering of Discogs 2020 Report.

Zoho Social Improves Your Social Media Impression

Social media is among the strongest instruments that small companies have to achieve clients. However with so many platforms, accounts, and techniques, managing all of it could appear overwhelming. Zoho Social goals to simplify the method and enhance the affect of social media for small companies. After all, there are many instruments obtainable to assist companies schedule social media posts.

5 Myths About Extensions for Enterprise Earnings Tax Returns

Companies should file annual federal revenue tax returns a set due date. For partnerships and S companies on a calendar yr, the deadline is March 15 (e.g., March 15, 2021, for the 2020 return); for calendar-year C companies and sole proprietors, the deadline is April 15 (e.g., April 15, 2021, for the 2020 return).

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