A new rule is about to make PPP loans more generous for businesses without employees

The US Small Business Administration (SBA) is expected to enact a rule on Monday that will make Paycheck Protection Program (PPP) loans more generous for entrepreneurs without employees. Businesses and non-profit organizations with no employees have always been eligible for PPP loans. The new rule expected by the SBA is instead based on the gross income of sole proprietorships and significantly increases the amount of money they are eligible for.
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