New Stimulus Package Small Business Ppp

In addition for loans under 150 000 there will be a simplified one page application form created by the sba and approved by congress.

New stimulus package small business ppp. In addition to more paycheck protection program funds available congress passed tax relief for small businesses. Fortunately it contains some help for small business owners. Quick action required new stimulus for small business the consolidated appropriations act 2021 contains a new round of stimulus aimed at mitigating the continuing economic impact of the covid 19.

In its massive new pandemic relief and stimulus package congress has significantly modified the paycheck protection program ppp to allow for second draws from the program to simplify the loan. New relief package provides next round of ppp funding for small businesses 5 ways the new stimulus bill may help your small business the application won t be more than one page and should be. 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.

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. After months of partisan wrangling on december 20 2020 congressional negotiators finally agreed on a new 900 billion covid relief package which includes an additional 284 billion for the. Maximum amount of new ppp loans for seasonal employers new entities and businesses with more than one physical location for seasonal employers the maximum amount of new ppp loans is based upon.

Congress took its time and president donald trump held it up but a new stimulus package was finally signed into law on sunday night.