Only those which applied for PPP loans after the February 3 alter meet the criteria to use this new formula

Only those which applied for PPP loans after the February 3 alter meet the criteria to use this new formula

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CHARLOTTE, N.C. – A current government changes allows new care about-employed and you may independent builders so you’re able to secure actually large Income Safeguards System (PPP) loans, online payday ND but people that registered until the changes commonly qualified, definition the government generally shorted them thousands of dollars.

Jennifer Shields, who owns new Charlotte produced-to-buy kid’s dresses store Holley and you may Sage, learned she’d have obtained an additional $fourteen,one hundred thousand financing had she waited to apply for PPP.

“I am able to features repaid rent with this,” Safeguards said. “I’m able to has actually helped my seamstresses aside. Personally, I am great.