Stimulus Package For Small Business Update

The bill earmarked 20 billion for eidl grants which are grants of up to 10 000 for small businesses alongside the 284 billion earmarked for forgivable ppp loans.

Stimulus package for small business update. Congress took its time and president donald trump held it up but a new stimulus package was finally signed into law on sunday night. For the latest information on the recent stimulus package register here for our third small business update event which will take place on tuesday january 19 at 2 p m. With the recent passing of a 900 billion stimulus bill by congress individuals and small businesses that continue to be impacted by the covid 19 pandemic may soon receive some additional assistance.

12 january 2021 the australian government has announced several stimulus and relief packages designed to sustain small businesses through the coronavirus covid 19 pandemic and keep employees in work. 284 billion of new ppp funding for 2021 additional eligible expenses allowed under ppp funding simplified 1 page can i. Eidl dec 23 2020 included in the stimulus package that congress passed this week is funding for more eidl grants for small businesses.

The government has stated that the measures are temporary targeted and scalable. New funding new rules simplified application in this 4 minute read. President elect joe biden has proposed direct cash payments totaling 2 000 be given to americans including a third stimulus check of 1 400 in addition to the 600 payment issued last month.

The stimulus package is finally here with just days left in 2020. In march congress passed the 2 trillion dollar coronavirus aid relief and economic security cares act a stimulus package that includes several programs aimed at small businesses impacted by the covid 19 outbreak. Demand for the popular paycheck protection program ppp has been massive since the application window opened on april 3.

It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing. The agreement sets aside 285 billion for additional loans to small businesses under the paycheck protection program renewing the program created under the initial stimulus legislation. Small business highlights from the economic stimulus aid package 2020 update.