New Coronavirus Stimulus Package Ppp

What s in the stimulus package for small businesses ppp loans and.

New coronavirus stimulus package ppp. Simplified application and other terms of note. New stimulus ppp package. Tax guy new and improved ppp loans help small businesses hard hit by covid 19 but there s a deadline to get the money published.

Donald trump held it up but a new stimulus package was finally signed. Ppp eidl update december 22 2020 14 minutes read. The new covid 19 relief bill also.

The popular paycheck protection program ppp is one of the priciest elements of congress coronavirus relief deal totaling 284 billion. The new stimulus aims at better distribution of ppp loans. The bill which runs over 5 000 pages expands the paycheck protection program ppp which was originally established when the cares act was enacted earlier this year.

Equipment and covid 19 prevention. Creates a simplified forgiveness application process for loans of 150 000 or less. New round of ppp funds whether or not you ve received ppp before.

December 22 2 51 pm. However congress made several key changes to the ppp to ensure it helps small and mid sized businesses when they need it most. The passage of a new coronavirus stimulus package dubbed the consolidated appropriations act 2021 caa means a new round of funding for the paycheck protection program ppp.

Ppp borrowers with naics codes starting with 72 hotels and restaurants can get up to 3 5 times their average monthly payroll costs again subject to a 2 million maximum. You can apply for a new ppp forgivable loan whether or not you received one before. 7 2021 at 6 01 a m.