SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program

February 24, 2021

February 22, 2021 | Release Number 21-17
Learn more about PPP loans from CCU WASHINGTON – Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. 

The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation:

• For businesses with fewer than ten employees, the share of funding is up nearly 60%
• For businesses in rural communities, the share of funding is up nearly 30%
• The share of funding distributed through Community Development Financial Institutions and Minority Depository Institutions is up more than 40%

February Fun Quiz

February 22, 2021

February has many celebrations!. Here’s a quiz to test your knowledge about our shortest month:

Click on title above to begin--good luck!
 

Beware Tax Scams – 12 Lines to Know When They Call

February 19, 2021

It’s tax season, and scammers are working overtime to get your money. Tax scams are as varied as they are common, but when you know what to look for, you can beat fraudsters at their game and keep them from getting your money and your information. If you hear or see any of the following 12 lines this tax season, you know you’re dealing with a scammer: