Melissa is an exceptional partner in regional economic development. Her ability to coordinate seamlessly with Alliant Energy ensures that Winnebago and Worth counties are always positioned for growth. She is proactive, deeply knowledgeable, and highly collaborative- bringing her into a project early is a guarantee that things will move forward efficiently and successfully.
— Chad Hansen , Alliant Energy
A Small Business Owner's Guide to Funding Options Without a New PPP
28 Dec 2020
News
Though the Paycheck Protection Program (PPP) ended August 8, 2020—with a lack of clarity as to when it might be revived—businesses are still in need of capital.
Though more than 5 million PPP loans have been approved, accounting for $525 billion, according to data from the Small Business Administration (SBA), it’s still not enough.
House Democrats propose allowing second loans to small businesses but with some restrictions: They must have fewer than 200 employees and have experienced a 25% reduction in quarterly revenue year-over-year due to the pandemic.
Nonetheless, in advance of waiting for a stimulus package to be passed—and even if it does— businesses should consider any additional alternatives.
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