When the federal government launched the Paycheck Protection Program last April, it aimed to help small businesses cover the cost of retaining employees, and cover losses in revenue. But the process didn’t start smoothly.

Banks has to scramble within a few days to understand the parameters set out by the government, and small businesses owners braced to see if they’d receive critical cash to keep their companies running. Some went to apply only to find out their banks hadn’t opened applications, or were concerned funding would run out by the time they did.

About eight months later, another round of the program just opened again, this time with a special emphasis and early access to businesses run by underrepresented founders, who were largely left out of the first round of funding.

READ FULL ARTICLE HERE