What Does New Stimulus Package Include For Small Business

Fortunately it contains some help for small business owners and the self employed.

What does new stimulus package include for small business. Read about other resources for your small business with our guide. By stephen fishman j d. The stimulus package is finally here with just days left in 2020.

The incoming biden administration unveiled a 1 9 trillion stimulus plan on thursday that offered a wish list of spending measures meant to help both people and the economy recover from the. How to get a small business loan from the new ppp program what s in the new 900 billion stimulus package. Included in the new stimulus package is roughly 284 billion in funding for the payroll protection program a pot of money disbursed to small businesses that can be spent on payroll and rent.

New coronavirus stimulus package contains some big tax items by michael cohn december 21 2020 8 02 p m. Though the specifics had not been released on monday previous versions of the bill tightened eligibility requirements for a second round of loans through the program forbes reports. Est 13 min read facebook twitter linkedin email show more sharing options share show more sharing options.

It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. The package extends some provisions of the original stimulus package that was passed in the spring while adding new measures to help working families who have continued to suffer amid the pandemic.

Read the summary some americans won t get their stimulus checks until they. Below are details of small business provisions of the new stimulus package and as importantly. 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.