A PPP reprieve

INC. THIS MORNING A PPP reprieve Good morning, A spot of good news: If you’re appealing your Paycheck Protection Program loan forgiveness decision, you won’t have to start paying back your loan just yet.  In its latest interim final rule (IFR), the Small Business Administration announced that anyone appealing a forgiveness decision, now or in the future, can defer loan repayments. Prior to the ruling, borrowers were expected to begin making loan payments as originally scheduled (10 months after the eight- or 24-week covered period ends), regardless of the status of their loan appeal. Going forward, you’ll no longer need to make principal and interest payments on the loan until after your appeal is resolved. If your loan ends up being fully forgiven, you may not need to pay anything at all.  Read our story to learn the details of the new rule and what it means for the more than 8.5 million small businesses that received PPP loans. SPONSORED CONTENT What do customers want and need in 2021 as the world re-opens? Klarna surveyed 29K US consumers and analyzed their shopping data (including 8M saved items in the Klarna app) to find out. Get the answers. HERE'S WHAT ELSE I'M READING TODAY: Want to recruit top talent? Think like a college basketball coach, says LinkedIn’s first chief HR officer. --Inc. A new survey shows many Americans would be willing to take a pay cut, give up days off, or put in more hours in exchange for permanent remote work. --Bloomberg (subscription required) Related: Companies will likely face stiff competition for workers in these industries, which added the most remote jobs during the pandemic. --Inc. According to a McKinsey report, roughly one in three workers who have returned to the office said it had a negative impact on their mental health. Another one in three said the opposite. --CNBC National Small Business Week is coming up. Here’s what to expect. --Inc. ONE MORE THING: Richard Branson might have gone to space, but that doesn’t mean he never experiences self-doubt. Here are his three best tips for overcoming it. --Inc. --Sophie Downes Assistant editor, Inc. How are we doing? Send me ideas and feedback at sdownes@inc.com, and on Twitter. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. Join Inc. Unlimited today. Click here to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, Unsubscribe • Update Profile • View in Browser • Privacy Policy