As a follow up to our last COVID Relief for Small Businesses post; we are happy to announce that Congress has approved another 2 month extension for PPP relief!
PPP Relief Extended to May 31, 2021
In an article posted on The Stylist News site states “This gives the beauty industry two more months to get their first — and even a second — draw from these 100% forgivable PPP loans and inject much needed dollars directly to independent stylists, salon suite owners, salon owners and 1099 booth renting independent contractors. The federal PPP relief program is tailored for beauty professionals to employ and make the most of once they submit. PBFC and Adesso Capital, its SBA approved lending partner, has been a leading innovator in designing an online portal specifically for personal care professionals in the beauty/barbering industry to direct, assist and ensure that these hard-hit professionals get their fair share of federal assistance funding. PBFC Legal Counsel and Advocate, Fred Jones, stated “PBFC and Adesso have been on the leading edge of this second round of PPP, even before Congress passed the new PPP extension back in December 2020. “
