If you are a small business owner and have not yet applied for a Paycheck Protection Program (PPP) loan yet... According to Business Insider, you may be out of luck and too late to receive funding.
The US government recently added a second round of $310 billion to PPP loan program.
The goal is to fund small businesses that have been economically impacted due to the coronavirus pandemic.
Bankers, lawyers, and consultants told Business Insider that the volume of pre-approved loans will soak up the second round of funding.
If you don't receive emergency government funding, it's suggested for small businesses to seek funding through tax relief, private companies, local governments, and organizations offering small business grants.
