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The latest loans have moved more slowly than the previous round, due in part to additional compliance checks to prevent fraud.
Companies with fewer than 20 employees have had an exclusive two-week PPP loan application window.
Businesses can only apply for the latest round of loans if their revenue fell 25% or more.
Some pivoted to help their communities. Others have received support from their customers.
Jess Evans, who runs an Austin trivia company, is “so cold and so worried about the business.” A strong internet connection is her priority.
And the percentage of owners expecting better conditions fell to the lowest level since November 2013, the NFIB finds.
Three-quarters of the money Washington set aside hasn’t been touched. Some point to new restrictions on which businesses qualify.
New data gives a peek at what the post-pandemic economy might look like.
Bankers say the process is running a lot more smoothly this time, in part because they have a better sense of what to expect.
These small convenience stores are often focal points for neighborhoods, and not only for the food and other supplies they sell.