This article discusses some of the key changes the Biden administration is making to the application process of the paycheck protection program. Specifically, Monday started a two-week period in which only businesses that have less than 20 employees are able to apply for the loan. Additionally, changes to the loan calculation formula are going to be implemented as well. The aim is to help sole proprietors, independent contractors, and self-employed individuals. Be sure to check out this link for more details and information!
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