Technology becomes critical: PPP loans to cover technology needs for business owners
As businesses increased cloud reliance to support remote work last year, IT departments reassessed budget allocations. For small businesses, a PPP loan could help clean up and streamline software infrastructure.
In the cloud, more usage means higher costs. Poised to grow cloud spend over the next several months, IT decision-makers manage a changing budget. On average, companies are already 23% over cloud budget, according to an April 2020 Flexera survey of 750 cloud decision-makers and users.
Small businesses owners, like many of our clients, face especially tight financials as every dollar counts toward the bottom line. Now, new provisions to the PPP allow funds to include any business software or cloud computing service facilitating business operations, product or service delivery, human resources and other expenses, according to the bill.
As a business owner, you can rely on our team at Data Safe Group to provide you the necessary IT roadmap to make technology improvements and upgrades utilizing the PPP provision. Contact our team to learn more today.