Covid Stimulus Bill Ppp Loans

The ppp is being restarted under the coronavirus relief bill congress approved in late december providing for 284 billion in new loans. They provide workers for the food business at hotels and universities. The bipartisan coronavirus relief bill passed by congress offers as much as 267 5 billion more for paycheck protection program loans and 13 5 billion for economic injury disaster loans.

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One of the businesses hoping to get one of those loans is global team staffing.

Covid stimulus bill ppp loans. The measure sets aside 284 billion towards forgivable small business loans under the paycheck protection program. Lawmakers agreed on a 900 billion covid stimulus package over the weekend. The new covid 19 relief bill is adding an additional 285 billion to the paycheck protection program.

The 900 billion covid 19 relief package passed monday provides 284 billion for a revised paycheck protection program ppp and clarifies that businesses can claim tax deductions for expenses paid for with forgiven ppp loans. The 900 billion stimulus bill that s headed to president trump s desk includes about 284 billion in additional funding for the paycheck protection program which offered small employers.

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