Stimulus Package Second Ppp

How the second stimulus package impacts ppp loans.

Stimulus package second ppp. 200 million in relief payments to timber harvesting and hauling businesses. As part of an end of year pandemic relief package congress has passed several changes to the paycheck protection program ppp and created a second draw ppp for small businesses that have exhausted their initial loan. Other changes include economic injury disaster loans unemployment compensation and stimulus checks for individuals.

Months of negotiations concluded december 20 when the u s. Then on december 21 2020 congress passed the coronavirus response and relief supplemental appropriations act as part of the. And a second grant could be up to 50 of the first grant.

New funding new rules. Bkd will continue to follow this developing situation. 20 million for animal disease prevention and response capacity.

House and senate agreed to a significant covid 19 stimulus package as part of a broader spending package. Stimulus aid for farmers ranchers second chance for ppp loans eidl grants 3. Special to usa today.

New types of ppp eligible businesses second draw ppp loans for hardest hit businesses that got ppp loans in 2020. What s in the stimulus package for small businesses ppp loans and cultural grants.