Search
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
The coronavirus has upended lives and businesses around the globe. From business interruption and supply chain disruption to event and travel cancellations, we are only just seeing the beginning stages of COVID-19's impact. These articles provide valuable insights on insurance coverage, preparation tips and more to help individuals and businesses reduce exposures as the virus spreads.
One major improvement in the second PPP round is that the average loan size seems to be $73,000 — “less than half of PPP1,” according to S&P Global, noting the data available so far was only through May 8. (Photo: Shutterstock)On Wednesday (June 3), the U.S. Senate cleared changes to the Paycheck Protection Program that provides more flexibility to small businesses using the relief loans. The changes to the PPP include extending the eight-week period in which funds must be spent for forgiveness to 24 weeks, as well as extending the repayment period money owned from two years to up to five years.
But are small businesses benefiting from the program?
Already have an account? Sign In Now
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
InsurTech Center
