|
 |
|
|
|
|
Biden News
Biden Administration Increases Small Business Loans; PPP will be more accessible
|
Biden News – Covers all the top Joe Biden political dealings, plus, US & international developments. Biden was elected US president in 2020 due to victory over Trump who was the 45th US leader. View the latest Biden News Conference Today & read Biden News.
Biden News - Access to the program will be much more accessible for companies that request it.
The coronavirus pandemic and the economic crisis it generated around the world affected small businesses in the United States, which is why the administration of Joe Biden and Kamala Harris has focused on supporting them with loans. Biden News - This Monday, through a statement, the White House announced that the government will increase economic support to this sector and modify the PPP to make it more accessible.
Small businesses account for 44% of the US Gross Domestic Product and generate two-thirds of net new jobs, which means they employ nearly half of the nation's workers.
Compared to the program of the previous administration, the last round of financing for the Paycheck Protection Program (PPP), which began a month ago, showed a notable improvement.
Some of the points where it was improved compared to last year are:
The proportion of aid destined for companies with less than 10 workers increased by almost 60%.
The number of checks destined for small businesses in rural areas also grew by 30%
The sector where the growth of 40% was registered was in support distributed through community development financial institutions and minority depository institutions.
Besides, the Biden-Harris administration announced reforms to make the PPP more accessible and its success to reach smaller companies, in addition to those that we're unable to access the program.
Biden News reported, starting this Wednesday, companies with less than 20 employees will have a period of 14 days to request financial support through the PPP. 98% of the small businesses for which the program was intended have fewer than 20 employees.
To learn more on Biden developments visit Biden News:
http://bidennews-1.blogspot.com
|
Tags:  Environment Health News Biden News Joe Biden News Joe Biden Biden News Today Joe Biden News Today Biden News Now President Joe Biden President Biden Biden News Conference Joe Biden Polls 2020 Joe Biden Net Worth Joe Biden Campaign Joe Biden Campaign Events Joe Biden Campaign Fund Joe Biden Joe Biden Joe Biden address Joe Biden mailing address Joe Biden and Obama Joe Biden Son |
 Print this blog |
|
Rating: 0.00 (0 votes) Rate this blog
|
| Bookmark and share this blog:
|
|
|
|
|
Enter comment