Stimulus Bill Benefits For Small Business
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Provides tax deductions and other relief.
Stimulus bill benefits for small business. 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. The 900 billion covid 19 stimulus bill of december 2020 improves the paycheck protection program ppp2. The stimulus package recently passed by congress could provide a significant windfall for small businesses as it offers them a second shot at government backed loans and an easier loan forgiveness.
In march congress passed the 2 trillion dollar coronavirus aid relief and economic security cares act a stimulus package that includes several programs aimed at small businesses impacted by the covid 19 outbreak. But the money has been allocated and if you feel like your business could use the help reach out for support. So in short there are lots of changes and tens of thousands of dollars at stake.
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. Understanding the new stimulus bill could make the difference between whether your company survives the pandemic.
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