Wilbert Hamilton Offers Financial Advice on WVTM NBC 13 News Amid PPP Loan Funding | Hamilton Wealth Advisors Founder Provides Key Insights on How Small Businesses Can Receive Relief
Birmingham, AL– In order to get a piece of the government’s next round of PPP funding, businesses need to meet certain requirements. Those requirements are as follows:
- Must have been in business before Feb. 2020.
- Have fewer than 300 employees.
- Income must have dipped by 25% or more from any quarter in 2019 to 2020.
With so many businesses missing out on the previous round of PPP loans, Montgomery native Wilbert Hamilton, founder of Hamilton Wealth Advisors, knew he had to provide guidance to the great people of the Yellowhammer State. He appeared on WVTM NBC 13 News and discussed how businesses should not be discouraged if they didn’t receive a PPP loan. He went on to talk about the fact that there are many additional types of aid out there to help small businesses.
With help from licensed financial advisors like Wilbert and news segments like these, many small businesses got the information they needed to file for and receive the necessary aid to stay in business. Hamilton Wealth Advisors would encourage individuals who own and operate small businesses to always consult a licensed financial advisor to create a strategy for success before, during, and after an unprecedented pandemic.
After the fact, it was documented that 58,000 Alabama businesses applied for and received loans as part of the federal government’s Paycheck Protection Program.
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