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The initial grant can total up to 10 million per.
New stimulus package ppp details. Keep in mind that this. The bill also added a simplified one page forgiveness application for loans of 150 000 or less. What you should do immediately to take advantage of these programs.
How to get a small business loan from the new ppp program what s in the new 900 billion stimulus package. The package creates a 15 billion grant program for live venues theaters and museum operators that have lost at least 25 of their revenues. Here is our post from last week that outlines the complete details as it relates to relief for individuals and small businesses.
You must use 60 of your second draw loan on payroll expenses to qualify for loan forgiveness. Read the summary some americans won t get their stimulus checks until they. This also clears the way for a new round of ppp and eidl funding for small businesses to be implemented by the sba.
Answers to your questions about the stimulus bill updated dec 30 2020 the economic relief package will issue payments of 600 and distribute a federal unemployment benefit of 300 for at least 10.
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