UPDATE: PPP Rule Changes

Today, the Biden Administration has announced several changes to the existing PPP Loan Program including the two most notable:

  • Beginning Wednesday, only small businesses with fewer than 20 employees may apply for the program for a two-week period
  • The Administration will also open up the program to small business owners with non-fraud related felonies, those delinquent on their federal student loans, and some non-citizen residents, such as Green Card holders or those in the country on visas

If you have questions regarding the PPP loan program or would like assistance applying, please contact Andrew Dengel at 920-921-3356 or awd@constcpa.com