What S In The New Stimulus Bill For Small Business

The second stimulus bill the economic aid to hard hit small businesses nonprofits and venues act has been passed by congress and signed into law by president trump.

What s in the new stimulus bill for small business. 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. The legislation also extends pandemic unemployment assistance a program aimed at a. Provides tax deductions and other relief.

The new benefit up to 300 per week is half the amount provided by the original stimulus bill in the spring. If you are a small business owner the covid 19 stimulus package that congress passed on monday evening december 21 2020 has some very good news. On wednesday the senate passed a 2 trillion stimulus package to stabilize the american economy during the coronavirus crisis and more than 300 billion of that is earmarked for small.

Washington cnn president donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. And because small business owners have already borne the brunt of more than 10 months of privation and sacrifice they will undoubtedly carry on and make the most of this new wave of funding. Pandemic ravaged small businesses will receive 325 billion through the bill which includes 284 billion in forgivable loans through the paycheck protection program 20.