The Biden-Harris administration has made several considerable changes to the latest round of paycheck protection program funding.
They have pledged to assist the smallest businesses this time around, and those that were left behind in previous relief efforts. Included in the updates, are significant increases in money allocated to small businesses with fewer than ten employees and additional support for sole proprietors, independent contractors, and self-employed individuals.
They have also eliminated an exclusionary restriction that prevents small business owners with prior non-fraud felony convictions from obtaining relief through the Paycheck Protection Program.
Robert James, Chairman of the National Bankers Association and Ron Busby, President/CEO of the U.S. Black Chambers, Inc. spoke with Roland Martin during Monday’s edition of #RMU about the Biden-Harris plan to help small businesses.
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