PSA Thursday: The History of the PPP -- and 4 Extra Relief Options for Entrepreneurs

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 2 July 2020

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's the sordid history of the Payroll Protection Program, plus four additional options for getting pandemic relief as an entrepreneur. In this episode we share the following resources for small businesses: Economic Injury Disaster Loans (EIDL) Employee Retention Credit. SBA 7(a) Program Mainstream Lending Program For more information, visit the show notes at https://affordanything.com/psa-thursday Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to PSA Thursday. This is a mostly weekly-ish segment of the Affordable Care Podcast,
0:06.2	special bonus segment, in which we talk about how to handle money work and life
0:10.5	in the midst of the coronavirus pandemic. Today, we will be discussing...
0:15.3	Dun-t-dun, ppp funding is over. Stop the presses, update, update. Okay, so things here are changing
0:22.7	really, really fast. So, we scripted this episode on Tuesday, June 30. That was the final day of the
0:27.6	PPP, and we decided, hey, PPP is ending. Let's do an episode about what to do now that it's ending.
0:32.3	The following day, 24 hours later, Congress approved a bill which, if passed into law, would extend
0:39.2	the PPP out until August 8th. However, the president has not signed that bill. So, as of right now,
0:46.0	the PPP is still officially over. The PPP still is officially not running anymore. It is ended.
0:52.7	There is a chance that that could change. So, due to the Wednesday July 1st legislation that was
0:58.5	passed in both the House and the Senate, that legislation allows the PPP deadline to get extended
1:03.6	out to August 8th. That has not yet gone into law. Check the news for more because this is a rapidly
1:10.9	changing and developing story. So, that is the latest update. There's a ton that's changed in the
1:16.0	last 48 hours. With that being said, let's go back to our regularly scheduled program, already in progress.
1:22.3	So, if you are a small business owner and entrepreneur, a freelancer, and you are trying to figure
1:27.7	out what to do, because government aid ended this week, and your revenue is still down,
1:34.1	we're going to talk about that in this episode. Now, if this is your first time listening to
1:38.1	APSA Thursday episode, here's a primer on what this is. PSA Thursday is a stripped down bare
1:43.6	bones cut to the chase, simple version of the Affordable Care Foundation podcast. These are
1:48.5	much shorter episodes. We don't have any intro music or outro music or sound effects. There's no
1:53.6	crazy production value. They are pure PSA episodes where we deep dive into a specific topic.
2:00.8	And when I say that they come out on Thursday, don't take the word Thursday too literally.
	...

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