Stimulus Package Ppp Money
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Stimulus package ppp money. Below are details of small business provisions of the new stimulus package and as. New types of ppp. Thu january 14 2021 northeast edition 2 lucy perry ceg correspondent.
The vast majority of ppp borrowers use their loan money to pay. How retirement planning changes in 2021 after the new covid 19 relief package. Ppp borrower tax relief under stimulus bill.
After months of disagreement congress finally approved a second stimulus package on december 20. Latest covid related stimulus package includes revised ppp loan. One of the largest components of the now signed second stimulus bill is 284 billion to support small business through a rebooted and revised paycheck protection program ppp lending program that.
The december 2020 stimulus package adds another 284 billion to the paycheck protection program s purse and refers to the new round of loans as second draw loans. Ppp 2021 284b stimulus package. The covid 19 relief package worth 900 billion includes 284 billion for the popular paycheck.
The maximum limit for second draw loans is 2 million and the amount your business qualifies for will depend on your average monthly payroll in 2019. 284 billion of new ppp funding for 2021. Additional eligible expenses allowed under ppp funding.
What s in the stimulus package for small businesses ppp loans and cultural grants. Money to be used for.
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