Christmas came early for American small businesses and nonprofits with the announcement that Congress has reached a deal on a second stimulus package. Along with exciting measures including a second stimulus check for most Americans and an extension of bolstered unemployment benefits, the stimulus includes a revitalization of the massively popular Paycheck Protection Program (PPP).
Just like last time, you can trust us to let you know what we know as soon as we know it. Here’s what we know about the revitalized program so far:
PPP may return as early as January 2021. Lendio is currently accepting applications. Completed applications will be submitted to lenders when the program resumes.
During the last round, we created robust content on our website to help you navigate PPP and other pandemic-related resources. You can use these pages as a reference for how PPP worked during the previous round. As we receive guidance on the 2021 round of PPP, these pages will be updated to reflect current guidelines.
Owning a business starts with something you believe in. At Lendio, we believe in you. We’ve made it our mission to fuel the American Dream since we started in 2011. We’re here to help you protect your dream, whatever the pandemic throws our way.