WATCH: How business owners can make the most of PPP
The Paycheck Protection Program is back.
For millions of small business owners still struggling to pay rent and employ workers, the federal government's forgivable loan program is a lifeline. This round looks a little different than the original that launched in the spring. It's aimed at even smaller businesses, and provides special funding for the service sector, nonprofits, and under-represented entrepreneurs.
On Tuesday, January 5, Insider hosted a webinar detailing what the $325 billion in funding means for business owners and answered questions live from more than 200 attendees.
Insider's entrepreneurship editor Bartie Scott and small business reporter Jennifer Ortakales Dawkins discussed:
- What's different between this round of PPP and the first one in the spring
- Special provisions for service industry companies and under-represented entrepreneurs
- How to know if you're eligible
- What materials you'll need to apply
- What we know about the timeline so far
- The how and why of loan forgiveness
Watch the full webinar above. For more details on the Paycheck Protection Program and other funding options, check out additiona coverage below.
- PPP is back - and yes, you should apply for a 2nd loan
- 5 changes to PPP loans that will affect your business' eligibility
- How live music venues, theaters, and talent managers can get up to $10 million of $15 billion covid relief grants - with no requirement to pay it back
- How restaurant owners can cash in on PPP loans and get up to 3.5 times their monthly payroll
- Here are your options if you don't get federal small business relief
- Stimulus loan vs. tax relief: which is better for your small business