In 2020, Congress initiated the PPP loan program to provide economic relief to small businesses due to the pandemic fallout. As predicted, this program provided short-lived positive effects on small businesses and created additional blind spots for commercial lenders trying to assess the financial health of a small business.
Now that another round of PPP is underway in January, 2021, it is important to understand the impact a business with a PPP loan can have on your credit decisions and how you can measure that impact.
See our infographic below for more information.
Download Infographic
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The post [Infographic] PPP Loans – A Significant, but Temporary Fix for Small Businesses appeared first on Tax Guard.