Stimulus Bill Small Business Provisions

Learn about the provisions included in the new stimulus bill that are designed to help small businesses.

Stimulus bill small business provisions. The new stimulus bill consolidated appropriations act of 2021 passed at the end of 2020 contains many provisions designed to help small businesses still struggling in the wake of the covid 19 pandemic. Small business administration sba and the department of treasury. An overview of the stimulus bill small business provisions including ppp loan expansions increased tax credits the venue grant and eidl programs.

The second stimulus bill the economic aid to hard hit small businesses nonprofits and venues act has been passed by congress and signed into law by president trump. The 900 billion bill will provide additional aid to those who have experienced economic hardships as a result of the pandemic. The program will be administered through the u s.

At year end a 5 593 page bill containing covid relief legislation was signed into law that included notable tax provisions for businesses many of which were either extended or made permanent. Visit business insider s homepage for more stories. The latest covid 19 stimulus bill is one of the largest pieces of legislation to be passed by congress and signed into law by the president.

The stimulus includes nearly 350 billion in funding for a provision to create a paycheck protection program ppp that will provide small businesses and other entities with zero fee loans of up to 10 million. Congress has passed a new stimulus bill consolidated appropriations act of 2021 that contains many provisions designed to help small businesses that continue to struggle in the wake of the covid 19 pandemic.