New Stimulus Package Update For Small Business

December 22 2 51 pm click here for a recording of the new year updates on ppp and eidl webinar that took place on january 6.

New stimulus package update for small business. Ppp eidl update december 22 2020 14 minutes read updated. The bill earmarked 20 billion for eidl grants which are grants of up to 10 000 for small businesses alongside the 284 billion earmarked for forgivable ppp loans. With the recent passing of a 900 billion stimulus bill by congress individuals and small businesses that continue to be impacted by the covid 19 pandemic may soon receive some additional assistance.

Coronavirus norm elrod stimulus. Ppp 2021 284b stimulus package. In addition to this stimulus package the western australian government has announced measures to support small business during the coronavirus covid 19 pandemic.

Separate from the stimulus package the tax credit is for 50 of up to 10 000 in wages for each employee if a business has been hurt by covid 19 according to the irs. For the latest information on the recent stimulus package register here for our third small business update event which will take place on tuesday january 19 at 2 p m. Included in the stimulus package that congress passed this week is funding for more eidl grants for small businesses.

It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing. Fortunately it contains some help for small business owners and the self employed. The legislation sets aside 284 billion towards forgivable small business loans under a new iteration of the paycheck protection.

New funding new rules simplified application in this 4 minute read. The stimulus package is finally here with just days left in 2020. Below are details of small business provisions of the new stimulus package and as importantly.

Plan should give as generous aid to local governments as possible economist says december 9 2020 at 4 18 pm filed under. What you should.