Business Structure Of Small Businesses May Matter More Than We Knew
The Paycheck Protection Program (PPP) was a small business lending program created by Congress in 2020 to provide loans to save businesses from the economic impacts of the COVID-19 pandemic. Q2 2021 hedge fund letters, conferences and more The Characteristics Of The PPP ProgramThere were two characteristics of this program that made it unique. First, a PPP loan could convert to a forgivable grant if the business spent the money on specific things, such as salaries for employees. Second, financial institutions did not use business or personal credit scores to determine access to credit. Credit ...