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A n additional estimated 377 billion in small business administration sba relief will be available to eligible small businesses as a result of the coronavirus aid relief and economic security cares act which was signed into law by the president friday.
Stimulus bill update sba. The 300 billion for the loans would be made available through lenders certified by the small. After months of waiting for much needed relief small businesses are finally getting renewed support from the federal government. Small businesses are encouraged to do their part to keep their employees customers and themselves healthy.
Health and government officials are working together to maintain the safety security and health of the american people. The signing of the cares act into law by the. Representatives from the sba illinois district office might not be able to attend this week s session.
Allows sba to provide federally backed loans from february 15 2020 to june 30 2020 to eligible businesses to cover operational costs including payroll rent health benefits and insurance premiums etc. Bipartisan senate bill authorizes full 10 000 eidl grant regardless of size. Additional sba relief available to coronavirus impacted small businesses.
Information related to disaster loan assistance funding from the sba continues to update and change daily. Additional sba relief available to coronavirus impacted small businesses an additional estimated 377 billion in small business administration sba relief will be available to eligible small businesses as a result of the coronavirus aid relief and economic security cares act. In the recent proposed economic stimulus package the small business section of the proposed economic stimulus bill for covid 19 response offers loans to small businesses with under 500 employees.
2nd stimulus bill update omnibus bill passed sba eidl grant 10k and ppp 2000 stimulusin this video we will discuss the 900b stimulus bill also know a. 10 000 sba eidl stimulus update 7 22. Sba loans covid 19 phase 3 legislation.
In that case all updates will be provided by small business majority staff.
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