Many businesses can’t meet new PPP guidelines

The newly reopened Paycheck Protection Program sought to eliminate logistical hurdles and overly restrictive rules from its prior iteration, but some say it’s still missing the mark when it comes to helping hard-hit small businesses. Specifically, the new guidelines for “second-draw” borrowers require them to demonstrate a 25% cut to gross revenue in 2020 –

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber