Stimulus Bill Ppp Loans

The good news for most ppp borrowers is that the proposed bill allows for the deduction of these expenses and for loan. Ppp borrower tax relief under stimulus bill it s finally happening. What s in the stimulus package for small businesses ppp loans and cultural grants.

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Ppp loan was for.

Stimulus bill ppp loans. The new coronavirus stimulus bill includes an additional 248 billion that is given for the funding of the second draw paycheck protection program loans new provisions for the ppp that tilts the favor further to the ppp beneficiaries funding amounting to 15 billion for live venues independent movie theaters and cultural institutions and. Were often shut out of the first round of ppp funding this bill includes set asides for. The 900 billion stimulus bill that s headed to president trump s desk includes about 284 billion in additional funding for the paycheck protection program which offered small employers.

On december 27 2020 president trump signed the 2021 consolidated appropriations act which also contained the latest stimulus relief bill 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 allowed certain borrowers to obtain a second ppp.

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