SBA prioritizes smallest of small businesses in the Paycheck Protection Program

Steps taken to promote equitable relief for mom-and-pop businesses

 

Last updated 2/25/2021 at 10:08am



From U.S. Small Business Adminsitration

WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. 

The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation:

• For businesses with fewer than 10 employees, the share of funding is up nearly 60 percent

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