Do you know how 401k matching works? You want 50% or 100% returns? It’s easier than you think, if you know how to work the job benefits properly. Unsure how this all works? Read.
New Round Coming
Treasury Secretary Steven Mnuchin appeared on Capitol Hill on Friday, alongside the Small Business Administrator, to talk about the recent PPP (Paycheck Protection Program) loan program that was intended for small businesses. It seems that both parties, Republicans and Democrats, agree that a second round of support aid is in the best interest of all.
As a side note, they also noted that smaller loans (under $150,000) should be automatically turned into grants. That represents about 86% of the roughly 4.9 billion PPP loans issued to date, and about 27% of the $520 billion that went out. Did you get a loan?
How To Prepare
Of course, PPP loans likely didn’t reach the neediest businesses, in what some have described as “Robinhood in reverse.” Minority-owned firms and the less well-connected have had trouble getting what they deserve in this challenging time.
Do you own a business that is struggling to make ends meet, and feel you should have gotten some of the government support offered? Shoot us a message and see if we can help.
At a minimum, we can try to help set you up for the next round.
Knowing the system is half the battle.
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