Sponsored by Lendio
Wondering if you can take advantage of the new PPP? The SBA Paycheck Protection Program (PPP) is live as of January 11, 2021, and this round introduces some positive changes. For the first few days the PPP loan portal is open, the SBA is accepting only applications from community development financial institutions (CDFIs). This is music to the ears of businesses in underserved communities and groups that were shut out of the initial rounds due to larger loans and corporations being prioritized by big banks. In addition, Congress created a provision to ensure that struggling businesses receive the financial relief they need. Businesses in industries that fall under NAICS code 72 industries (hotels, restaurants, caterers, bars, etc.) will be eligible to receive 3.5 times their average payroll. Brock Blake, CEO of Lendio, will walk you through these changes and answer the most frequently asked questions about the PPP. He will also discuss what Lendio Franchising and Lendio Inc. are doing through the PPP to save the American dream for small businesses across the nation.
But wait, there’s more! Then you’ll hear from Washington, DC experts Ashli Palmer, Partner, Peck Madigan Jones and Michael Lotito, Shareholder & Co-Chair, Workplace Policy Institute, Littler Mendelson on what franchise businesses can expect out of the new government.
All in one webinar!