With just 5% of small businesses receiving a loan from the Paycheck Protection Program (PPP), the first round didn’t.
The initial Paycheck Protection Program well ran dry. Congress and President Donald Trump approved $310 billion in additional funding.
With Congress passing a new $480 billion round of funding, including $310 billion for the Paycheck Protection Program.
It’s no secret that times are tough for small businesses. Revenues have taken a nosedive, if not flat-lined. Unemployment.