The administration of U.S. President Joe Biden is attempting to steer more Paycheck Protection Program (PPP) funding to America’s small businesses.
In a 22 February announcement, the White House said it will open a special 14-day period, beginning Wednesday, 24 February, during which time only businesses with fewer than 20 employees may apply for PPP relief.
“The 14-day exclusive application period will allow lenders to focus on serving these smallest businesses. The Biden-Harris administration will also make a sustained effort to work with lenders and small business owners to ensure small businesses take maximum advantage of this two-week window,” it said in a press release…