New Stimulus Bill Business

Updates to these programs are likely as details are finalized.

New stimulus bill business. The second stimulus bill the economic aid to hard hit small businesses nonprofits and venues act has been passed by congress and signed into law by president trump. We ve highlighted what the new coronavirus relief bill might mean for your small business. Once passed agencies may require some time to launch and implement these programs.

If you are a small business owner the covid 19 stimulus package that congress passed on monday evening december 21 2020 has some very good news. I know there are many concerns about the nation s national debt and ongoing impact on deficits. Provides tax deductions and other relief.

So for example if you had an. The 900 billion covid 19 stimulus bill of december 2020 improves the paycheck protection program ppp2. The new bill has many benefits for your small business regardless of if you ve been impacted by covid 19 or not.

Help is on its way. Washington the 900 billion stimulus bill that president trump finally signed into law on sunday evening goes well beyond providing the 600 checks that became a huge sticking point in getting. The other good news is that the new bill offers a second ppp loan for companies with fewer than 300 employees who suffered a 25 drop in any quarter s revenue from 2019 to 2020.

But the money has been allocated and if you feel like your business could use the help reach out for support.