Online loans and merchant cash advance offers will come for business owners as banks tighten credit access, but there are big risks with these funding options.
Online loans and merchant cash advance offers will come for business owners as banks tighten credit access, but there are big risks with these funding options.
Online loans and merchant cash advance offers will come for business owners as banks tighten credit access, but there are big risks with these funding options.
Online loans and merchant cash advance offers will come for business owners as banks tighten credit access, but there are big risks with these funding options.
KXLY
January 15, 2021 6:05 AM Robin Saks Frankel - Forbes Advisor
Posted:
Updated:
January 17, 2021 3:56 AM
Paycheck Protection Program funds will reopen to all PPP lenders next week, and with this latest round comes yet another version of guidance aimed at providing clarity to a program that has proven anything but clear for small business owners.
There are some notable changes to the program first approved by Congress last spring to help struggling small businesses stay afloat during the coronavirus pandemic. For example, businesses now can seek a second loan.
But, as we’ve seen before, some aspects of the program remain unclear when it comes to eligibility and forgiveness. Still, program changes may make the process easier. Here are six things to know.