Second Stimulus Bill Ppp

200 million in relief payments to timber harvesting and hauling businesses.

Second stimulus bill ppp. A second round of loan money could make the difference between survival and closing up shop. A second 600 stimulus payment will be given to single people making under 75 000 and 1 200 to married couples filing jointly with income under 150 000. 20 million for animal disease prevention and response capacity.

Stimulus aid for farmers ranchers second chance for ppp loans eidl grants 3. Small business association sba for first and second ppp forgivable small business loans and allocates 20 billion to provide economic injury disaster loan eidl grants to businesses in low income communities. The 900 billion stimulus bill that s headed to president.

President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. The so called ppp second draw is intended to provide loans with a maximum amount of 2 million for smaller and harder hit businesses that previously applied for and received ppp funding. Charitable nonprofits may qualify for an additional ppp loan second draw of up to 2 million if they a employ 300 or fewer employees and b experience a decline in gross receipts of 25 in one of the four quarters in 2020 compared to the same quarter in 2019.

The bill provides more than 284 billion to the u s. In order to qualify for a second draw ppp loan a borrower must be able to show a loss in revenue of 25 or more from at least one quarter of 2020 as compared to that same quarter in 2019. Bkd will continue to follow this developing situation.

The new coronavirus stimulus bill mandates the united states small business administration sba to create and provide a simplified ppp forgiveness application for small businesses who were only qualified for ppp loans of less than 150 000.