As part of the coronavirus response from the federal government, they passed an act which has appropriation for small businesses funding upwards of 350 billion dollars. The program is called Paycheck Protection Program, or PPP for short. If you own a business you’ve probably heard of this plan or even tried to apply. It’s a way to keep employees employed so the whole system doesn’t crumble.
Erik talks about his initial confusion with the program and the importance of having a relationship with your accountant, banker, or financial advisor during these times. Your network is extremely important to foster for times like these. That way when something happens overnight, you can lean into those relationships to your benefit!