by: Scott McCaulley
A stipulation that President Joe Biden added to the Payroll Protection Plan through the Small Business Administration goes into effect today for two weeks.
Roger Frieze, Commercial Lender with Central Bank, explains the provision temporarily narrowing the scope of businesses eligible for applying for relief during a Tuesday interview on KRZK’s “Ozarks Now” Program.
Frieze states that eligible businesses with 20 or more employees will be able to apply for the PPP Funds once the two week period has ended.
The complete interview with Roger Frieze from “Ozarks Now” is below: