Senators explain the importance of PPP 2, what it means for small NH businesses

Following the approval of the latest COVID-19 federal bill, $ 284 billion will be made available to businesses in the new wage protection program from Friday.

On Thursday, sexy American Jeanne Shaheen and Maggie Hassan held a virtual panel with state business leaders to explain how the program, dubbed by many PPP 2, will be launched for small businesses and nonprofits.

PPP 2 seeks to prioritize direct financial aid to small businesses. During the summer, one of the main complaints with the first PPP was that larger businesses, multinationals and tax-free organizations, such as churches, got hundreds of millions in relief funds while many small businesses were left with aid. inadequate to financial losses have resisted due to the COVID-19 pandemic.

“I see this package as a short-term emergency proposal to get us through the next two months until the new Congress and the next administration can be operational,” Shaheen said.

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