Click Here to Schedule a new Directed IRA account phone appointment with one of our experienced Self-Directed IRA Specialists.

PPP Is Back With $310 Billion in Additional Funding, But Small-Business Owners Must Act Fast

From my article on Entrepreneur 

On Tuesday, the Senate approved an additional $310B of funding for the popular Paycheck Protection Program (PPP) loans for small-business owners, and the House is expected to approve the measure as soon as today.

The original bill passed passed on March 27 and established $349 billion in funding for PPP loans, but that money evaporated in just two weeks. Consequently, many business owners were left unfunded or were unable to find a bank that would even take their application. This additional $310 billion will go much more quickly than the first round, as the pipeline is full of those who applied and missed out initially, as well as others who have since located a bank willing to take their application.