Stimulus Bill Details Small Business

While this is not tied directly to businesses it s an important element that helps support small business owners.

Stimulus bill details small business. Aid for local governments and corporate liability shields are out. The bill authorizes approximately 285 billion for another round of the paycheck protection program that s administered through the small business administration s sba network of lenders. Jobless benefits aid to small businesses stimulus checks and money for vaccine distribution are in.

There is a lot that can change and evolve as details are nailed down. Direct payments will be made for up to 600 per eligible adult and child. 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.

However this time the money is only going to small businesses less than 300 employee per physical location that have been specifically impacted by the pandemic. It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing. Provides tax deductions and other relief.