Latest Updates to the CARES Act & PPP for Small Businesses
Channel: GoDaddy
Date: 07/05/2020

Scott Shigeoka leads a roundtable discussion with CARES Act and PPP experts about important updates for small businesses. Brought to you by GoDaddy. 

1:27 What’s the CARES Act and the Payment Protection Program? 
1:57 What are the policy changes to the PPP?
2:17 Will extra funding be available?
3:08 What are the challenges for small businesses who apply for loans?
4:15 Will small businesses still get funded with the program updates? 
4:57 Which lender should small business owners be going to? 
6:06 Will there be access to more funding in the future?
6:45 What are the challenges of the program?
7:35 Are there any racial disparities or inequities with PPP funding?
8:12 Is the PPP effective? 
9:02 What’s the loan forgiveness happening on June 30th? 
10:01 Do you have advice for small business owners to stay afloat?
11:36 How have businesses been creative to adapt to COVID-19?

References:
1:29: Stats about CARES Act funding: 
https://home.treasury.gov/policy-issues/cares
3:17: Volume of loan requests received: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
8:36: Number of loans approved: https://www.sba.gov/sites/default/files/2020-05/PPP2%20Data%2005012020.pdf
8:49: Number of jobs supported: https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/cares-act-statement-sba-administrator-jovita-carranza

CARES Act & PPP Panel Experts:
John Stanford – Government Relations, Association for Enterprise Opportunity
Brian Peters – Partner, The Franklin Square Group
Ashley Heineman – Director, Global Policy, GoDaddy

Resources for Small Businesses:
PPP loan application and eligibility: https://www.sba.gov
For up to date info on COVID-19: https://www.cdc.gov
More COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only, and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#CARESAct #PPP #PaycheckProtectionProgram #OpenWeStand