If you’re in the US and a small business under 500, you are probably eligible for the Payroll Protection Program (PPP)
, a new law passed as part of the COVID-19 relief package.
Things are still very much up in the air regarding the implementation of the program, but the best course of action is to work with your existing business bank, assuming they are able to process the loan.
Our payroll provider, Gusto, teamed up with Fundera and offered them as a potential choice if you are having issues with your business bank in getting the help under the PPP.
So as part of the theme of the this week’s issue, I’m naming Fundera as our Cool Tech of the Week. I’ve never used them, and if you listen to our podcast you know I don’t recommend debt
as a business solution, but for this particular PPP loan which under certain conditions does not have to be repaid, perhaps it’s something to check into.