How can small businesses obtain Paycheck Protection Program loans? How are 2021 PPP loans different than last year’s round of loans? And perhaps most importantly, what can small businesses do after they obtain funding to ensure PPP loan forgiveness? With a new round of PPP funding available to eligible businesses, many small businesses likely have lots of questions about how the program works.
Fortunately, we’re tackling a lot of the most common PPP questions in our latest episode of Financial Cents. In this episode, Brent Cannon is joined by John Lewis, senior vice president, business banking manager, and Laura Schaeffer, director of operations and technology, to discuss key differences between the first round of PPP funding made available in the spring of 2020 and this year’s round of funding, while delving into what we learned last year and how businesses can apply those lessons today.