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After their Paycheck Protection Program loan applications were rejected, some small business owners got creative to stay afloat during the Covid pandemic.
Sarah L. Voisin/The Washington Post via Getty
New businesses are crucial to economic recovery, but they are blocked from applying to the Paycheck Protection Program.
Congress must support new business creation by extending PPP eligibility to businesses started after February 15, 2020.
The current cut-off date is arbitrary and keeps small business from getting the help they urgently need.
Lexi Reese is the COO of Gusto.
This is an opinion column. The thoughts expressed are those of the author.
When the World Health Organization declared COVID-19 a pandemic on March 11, 2020, Ashlie Ordonez was ten days away from achieving her dream of owning her own business. She d already sold her family of seven s dream home and used the money to start The Bare Bar, a salon in Denver. Then, non-essential businesses like Ashlie s were forced to close during the pandemic, and she s struggled to keep it afloat even selling her wedding ring to pay the rent. Because