To start a business, you need to have a good investment. Business
owners recognize the need of money before kickstarting their projects and turn
to the banks for loans. Due to the ongoing pandemic the businesses have
suffered quite drastically, especially the small businesses. Few of them don’t even
have the money to pay their employees.
The US Small Business Administration (SBA) has introduced
the Paycheck Protection Program (PPP) is essentially a loan program for small
businesses that will help their employees and workforce going to sustain their
business due to the coronavirus. This program has supported nearly a third of transportation
companies in the US since its introduction in April.
There are a number of benefits of this program including
loan forgiveness under a few circumstances among many other benefits. Take a
look at the following infographic.
Infographic by: freightwaves.com
