U.S. Representative Cheri Bustos, D-Moline, will host a small business webinar at 9 a.m. on Thursday, March 4 to provide paycheck protection program assistance and resources to local businesses that have been affected by the pandemic of coronavirus.
“Small businesses are the backbone of our economy and we must continue to support them during this pandemic,” Bustos said in a statement. “While I’m proud to help pass legislation to support our workers, families and small businesses, it’s half the battle. Now we need to make sure our small businesses are able to access the pandemic aid and relief they have.
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“I look forward to connecting directly with small businesses in need and encourage anyone with questions about the Paycheck Protection Program to join me next (Thursday).”
President Joe Biden announced several Paycheck Protection Program (PPP) reforms on February 22 to help smaller businesses and those left behind in previous relief efforts, Bustos said. During the 14-day period from February 24 to March 9, companies with fewer than 20 employees can apply for specific assistance.
The reforms included a revision of the loan calculation formula to ensure that sole proprietors,…
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