In the News: PPP2 Granted $ 5 Billion In Loans In First Week


With the adoption of the second cycle of the Paycheque Protection Program (PPP), the The Small Business Administration (SBA) has announced that it has so far approved some 60,000 loans in its first week. Of From January 11 to January 17, 2021, more than $ 5 billion in loans were made by some 3,000 lenders.

With the vaccine rollout still underway, small businesses still face contrasting shutdown policies that affect them more negatively than large businesses. The good news in all of this is that PPP2 has more measures to help and protect small businesses than the first time around. This includes giving those who did not get a loan by August 8, 2020 the first drawdown, they won’t need any collateral or personal guarantees, and only 1% interest rate for none. name a few.

Learning from the many mistakes of the first round, lawmakers tried to protect small businesses a bit more this time around. This includes limiting the maximum amount of a second-draw PPP loan to $ 2 million. The “Over 60,000 PPP2 loans approved in the first week of loanThis week’s roundup article is just one of the articles you can read to meet the needs of small business owners.

Small Business Roundup – January 29, 2021

Take a look at some of the other headlines making the news for small business.

Are backlinks dead? No, especially for local businesses

For small businesses, search engine optimization (SEO) can be a tough digital marketing task. While most SEO experts agree that there are a large number of ranking signals, the links are not dead yet according to an infographic from DIRJOURNAL. A good link remains an important part of building your website. To rank websites, businesses need links – high quality links.

Typography design trends for 2021

Typography is an essential part of the message you want to convey and enhance your company‘s brand. With the right fonts, you can evoke an emotion or express an idea by using it in headlines, body text, or even your logo.

Why your business should have an active social media presence

Did you know that Facebook ad spend increased almost 30% in 2020? According to the same report, the trend indicates that budgets have been tightened but more budget has been allocated to digital channels and social media. In addition, the trend is expected to continue in 2021.

New data shows what works for local small businesses on Google

Knowing which digital marketing levers to pull for good Google rankings can be difficult for small businesses. But the local ranking factors survey for 2020 may help. It defines what works and what hasn’t worked over the past year. Small Business Trends reached out to Craig J. Mount, the founder of Classy Brain, to find out where small businesses can best spend their SEO dollars.

How to be a business with a longevity plan

For most small businesses, it has been a difficult year. Many owners have learned that they now need to build a business with a longevity plan in place, and not just think about how to generate income this month.

5 things to know about your employees now

Employees are essential to most businesses. Finding and retaining good employees can be difficult, especially during difficult times like the pandemic. The government continually changes the rules that impact you and your employees. Employee Rules for 2021 Here are some new rules to note for 2021: 1.



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