Jessica L. Jeane, J.D.Director of Public Policy & Strategic CommunicationsFebruary 22, 2021
The Biden administration has announced several reforms to the Paycheck Protection Program (PPP), which are aimed at targeting the PPP more narrowly toward certain small businesses. The White House on February 22 released a Fact Sheet outlining the following changes to be implemented:
Additional administrative reforms geared toward ensuring “equitable distribution of relief” are detailed on the White House Fact Sheet here. The SBA’s PPP Report containing information related to loan approvals through February 21, 2021, can be located here.The application window for the PPP is scheduled to close on March 31.
NSA presents this information in the interest of its members for information purposes only and is not intended to provide, nor should it be relied upon, as legal, tax, or accounting advice.
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