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Businesses Prepare For The Waiting Game As PPP Forgiveness Process Opens

  • SBA opens forgiveness portal for PPP this week, but applicants have been advised to bide their time as further guidance emerges
  • Partial forgiveness options available, and low interest rates can also be attractive to those who need to pay the loan back
  • Questions remain on issues such as tax deductions
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1 in 3 Small Business Owners Tapped Personal Funds to Stay Afloat During Pandemic

  • Thirty-five percent of small business owners in recent CreditCards.com survey say they used savings or personal credit cards to help cover expenses during COVID-19 pandemic
  • Seventy percent use some form of assistance, such as PPP or business savings account
  • Most small businesses are hoping for increase in sales to stay in business or meet growth targets
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