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Big Changes and a Special Application period for PPP Loans for US sole prop businesses
by
Brendan Andrade
https://www.cnbc.com/2021/02/22/the-smallest-businesses-are-getting-extra-ppp-attention-what-to-know.html
The two key changes are 1) They are now calculating the loan amount off of Sch C gross revenue rather than profit. 2) For businesses with fewer than 20 employees, there's a two week period starting tomorrow where their loan apps are prioritized.