Note: This information could have been current to include the new recommendations and you can forms wrote March a dozen and you will February 18 towards the bottom.

On February 3, the tiny Business Government authored an interim final rule applying a beneficial the new policy President Biden established many weeks before: allowing Plan C filers to get more financial assistance by revising the newest Paycheck Coverage Program (PPP) financing calculation algorithm of these applicants. Meant for so it change, this new SBA explains that it’s acting with its discretionary expert so you’re able to “remove traps so you can opening the new PPP and you may grow funding among the littlest businesses.”

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