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Not sure if the percentage is the same but small businesses (less than 500 employees) in the US can apply for a loan that converts to a grant if you keep your c
by wil421 7y ago
Not sure if the percentage is the same but small businesses (less than 500 employees) in the US can apply for a loan that converts to a grant if you keep your current employment levels for a set time. 75% of the loan has to be for payroll and the other part for rent, mortgage, and utilities.
https://www.uschamber.com/series/above-the-fold/how-access-stimulus-funding-your-small-business https://www.uschamber.com/series/above-the-fold/how-access-s...
- notJim 7y agoThat money has run out already. https://www.nytimes.com/2020/04/16/business/stock-market-live-coronavirus.html#link-1982c086 https://www.nytimes.com/2020/04/16/business/stock-market-liv...
- okbake 7y agoUnfortunately the PPP money has all been dried up as of today, and many small businesses weren't able to take advantage of it. This site was put together to track how many businesses have received it, though it relies on self-reporting from the businesses so it won't be entirely accurate: https://www.covidloantracker.com/ https://www.covidloantracker.com/