BBB Serving the Pacific Southwest Offers
Free Course to Prep Businesses for PPP Application
U.S. Small Business Administration (SBA) is focusing their efforts on small and low-and moderate-income (LMI) businesses in the second draw of PPP funding. Small businesses continue to be the most vulnerable as they try to survive and recover from the pandemic. Better Business Bureau Serving the Pacific Southwest (BBB) encourages those who plan to apply for loan funding utilize their recently updated CARES Act and Paycheck Protection Program (PPP) Course to prepare for the application process.
In collaboration with Journeyage, BBB’s one hour course preps businesses on how to navigate the intricacies of the CARES Act. The lessons feature expertise from industry leaders at Desert Financial Credit Union and Coastal Payroll. Self-paced modules guide businesses through qualifying criteria, how to submit an application for payroll protection, and instructions for recording how loan funds will be distributed. While not to be used as a substitute for legal or financial advice, the course includes an interactive checklist to ensure necessary financial information has been gathered prior to applying.
Businesses and nonprofits with fewer than 20 employees receive a 14-day exclusivity PPP application period that started last week on February 24. Four additional changes to the second draw of PPP will help more underserved small businesses who urgently need relief. With banks under immense pressure to process loans, accurate information in the application is crucial, and time is of the essence.
This course has been made available nationwide without sign-ups or login requirements. Get started here. To dive deeper into the creation of this course, and the detail put into its offerings, listen to BBB’s Torch Podcast: CARES Act Course from Journeyage.
BBB encourages businesses to operate with integrity, and helps consumers make wise marketplace decisions. Our innovative approach to business growth provides the tools that companies and entrepreneurs need to build better businesses. By working side by side with industry experts, we unite with a common goal. Become BBB Accredited and join our mission to create a community of trust.
Published with permission from Better Business Bureau.
About the Better Business Bureau Serving the Pacific Southwest.
For more than 100 years, the Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2020, people turned to BBB more than 220 million times for BBB Business Profiles on 6.2 million businesses and Charity Reports on 11,000 charities, all available for free at BBB.org. The International Association of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico. Incorporated locally in 1938, BBB Serving the Pacific Southwest serves Greater Arizona and Southern California, providing critical tools to ignite success including mentorship, online products and access to capital. Our objective expertise educates the community on ethical behavior in the marketplace and how businesses can build trust.