Stimulus Bill Ppp Loan Update
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In particular the consolidated appropriations act 2021 addressed business requests related to the next rollout of paycheck protection program ppp loans ppp loan forgiveness ppp expense deductibility and individual stimulus.
Stimulus bill ppp loan update. The latest stimulus bill from congress which passed on december 21 2020 includes some significant updates including new funding. Ppp loan was for. An additional 300b in funds to the u s.
Here s a look at what you need to know. Part of that bill was the economic aid to hard hit small businesses nonprofits and venue act which made changes to all paycheck protection program ppp loans re opened the ppp program for new loans and. On december 27 2020 president trump signed the 2021 consolidated appropriations act which also contained the latest stimulus relief bill.
Read our full breakdown below. Second ppp loan available for the hardest hit small. Were often shut out of the first round of ppp funding this bill includes set asides for.
Congress at last passed a second stimulus bill this week as of this. What s in the stimulus package for small businesses ppp loans and cultural grants. But that is changing.
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