Special PPP Application Period for Small Businesses and Sole Proprietors

02/24/2021

Beginning Wednesday, February 24, the White House is instituting a 14-day period during which only businesses with fewer than 20 employees can apply for the Paycheck Protection Program (PPP). The full text of the announcement is available at https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/22/fact-sheet-biden-harris-administration-increases-lending-to-small-businesses-in-need-announces-changes-to-ppp-to-further-promote-equitable-access-to-relief/.

In addition, the announcement includes a pledged reform to help sole proprietors, independent contractors, and self-employed individuals through the PPP by using a more generous loan formula. Details of the changes are still forthcoming.

ABMP's information about applying for PPP loans is available at https://www.abmp.com/updates/news/financial-benefits-massage-therapists-coronavirus#2. Applicants need to apply directly with a bank that is an approved Small Business Administration (SBA) lender, and the current application deadline is March 31, 2021.

Category:

Benefits

Ohio Adopts Interstate Massage Compact

06/28/2024

The Ohio legislature adopted Senate Bill 56 on June 21, becoming the second state to enact the Interstate Massage Compact. Massage therapists will soon be able to obtain a multistate license that will reduce holdups and delays that often occur when moving to a different state.

US Department of Education 150% Rule Update

06/24/2024

A federal judge has granted a preliminary injunction that halts the enforcement of the US Department of Education’s new Bare Minimum Rule, also known as the “100% rule,” until the court takes further action. This is the first step in what could be a lengthy battle to ultimately delay enforcement of the rule, providing schools more time to adjust their programmatic standards, or overturn the rule altogether. Find out more and what your school needs to do to prepare.

Colorado Bill Requires Local Background Checks

06/21/2024

Governor Jared Polis signed into law House Bill 24-1371, requiring local government (counties, cities, or municipalities) to conduct periodic criminal background checks for massage establishment operators, owners, and employees.