Nancy Santiago of Ureeka: Changes to PPP Should Help More Black and Brown Small Businesses Get Assistance This Time Around

nancy santiago ureeka ppp changes

Small business already know about the shortcomings of the first go around of the Paycheck Protection Program (PPP).  Where “small businesses” like Ruth Chris’ Steakhouse was able to get $20 million or so, while other real small businesses looking for $5,000 to just stay afloat were turned away.

But with the new PPP round currently taking place, there’s renewed hope that companies left out of the first go around, especially black and brown businesses, will finally benefit from the program due to changes aimed it benefitting companies at the low end of the small business sector.

Nancy Santiago, Community Impact Lead for Ureeka, a startup founded that provides mentorship and guidance through their platform to help entrepreneurs’ get answers to their most pressing questions, joins me to share what small businesses need to know about applying for this round of PPP.  Below is an edited transcript of a portion of our conversation.  To hear t

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In the News: February Delivers 32,000 Jobs From Small Businesses

February Delivers 32,000 Jobs From Small Businesses

The addition of 32,000 jobs by small businesses in the month of February is good news considering the current state of the pandemic. However, consider the overall state of the labor market, things are not looking good.

Overall there was a total of 117,000 jobs for the month, compared to 183,000 for February 2020. And just as last year most of the contribution from small businesses came through the service-producing sector. This also explains the great numbers from franchises. According to ADP, franchises managed to deliver 35,500 new jobs this month, with 30,000 of them coming from restaurants.

At 117,000 the national number is good when you take into account the current state of the economy and the pandemic. Nationally the service-producing se

Read more: Survey Shows Small Business Owners Remain Optimistic for 2021

Small Business Owners Remain Optimistic for 2021

Small business owners are optimistic about their growth prospects in 2021. This positive tone marks a stark difference to the pessimistic projections felt by small business at the start of the pandemic.

The upbeat outlook was uncovered by a new survey released by are providers of cloud-based software that automates back-office financial operations for small businesses.

The survey interviewed 1,000 small business owners in the US on their thoughts on business growth in 2021. It found that 75% of small businesses are planning on introducing new products and services in an effort to nurture growth. Survey Finds Small Business Owners Optimistic

The research is important as it demonstrates the sentiment among the small business community as lo

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