ppp funding

In this bonus /Founders Focus episode, PPP expert Hannah Smolinski explains how minority business owners can apply and maximize PPP funds by the March 31, 2021 deadline.

According to The New York Times, only 12% of Black and Latinx business owners got the PPP assistance they asked for. With the new $284 billion round of PPP funding, we want to offer clarity around the PPP process so there are less barriers to receiving a loan.

Hannah Smolinski breaks down:

1. How to apply for PPP and maximize funds
2. Documentation, eligibility, bank relationships, and more
3. When to think about forgiveness and how to avoid gotchas

Additional Resources:

• Watch the video recording: https://bit.ly/3uqN9KF
• Apply for a PPP loan with Upside Financial’s lending partner: http://bit.ly/3bp6Qdd​
• Use Hannah's Upside Financial referral code to save money on your PPP forgiveness application: http://bit.ly/3pNHsTp
• Subscribe to Hannah’s PPP YouTube Channel: http://bit.ly/3dsAYXH​

This episode was recorded on Thursday, February 18, 2021.

Have feedback? Connect with Scott Case on LinkedIn

Visit foundersfocus.com to join the live video sessions, watch past sessions, and see what topics are up next.

The Small Business Administration's second round of Paycheck Protection Program (PPP) funding is open through March 31, 2021, and President Biden just announced a series of program enhancements to ensure that underserved small companies hardest hit by the pandemic have the best opportunity to apply for the PPP funds.

The PPP funding formula is being revised so that self-employed individuals, including sole proprietors and independent contractors, will have much more financial support than they would have received under the old program rules.

Tune in to this morning's Business Beat to learn more about the second round of PPP funding, and how your business can apply.

This morning, we want to direct the attention of small business owners to the latest pandemic stimulus bill passed by Congress in late December. Its opened the doors for many small business owners to access new relief loans through the Paycheck Protection Program (PPP), money that can be used to pay employees and keep your lights on during these most challenging times.

To help break it down for us, we've tapped Benjamin Johnston, chief operating officer of Kapitus, a leader in small business financing.

During today's WJR Business Beat, Johnston highlights some of the key aspects of the new PPP program for us.