Whats In The Stimulus Package Ppp

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Whats in the stimulus package ppp. Ppp set aside for certain small businesses. New funding new rules simplified application. Ppp 2021 284b stimulus package.

The bill includes 284 billion for first and second forgivable loans from the paycheck protection program ppp which is intended to aid small businesses. Special to usa today. After months of negotiations congress on monday passed a 900 billion covid 19 stimulus package with much needed financial relief for agricultural producers funding for food assistance programs enhancements to the paycheck protection program and funding for enhanced broadband access as well as additional financial resources for agricultural research and farmer stress assistance programs among others.

Beefed up stimulus payments the plan calls for sending another 1 400 per person to eligible recipients. This money would be in addition to the 600 payments that were approved by congress in. Additional eligible expenses allowed under ppp funding.

It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing. After months of disagreement congress finally approved a second stimulus package on december 20. What s in the stimulus package for small businesses ppp loans and cultural grants.

Ppp money eviction ban and more included in 900 billion compromise legislation. Changes for existing loans. The stimulus package is finally here with just days left in 2020.

Late on december 21 2020 congress passed its latest stimulus package. The covid 19 relief package worth 900 billion includes 284 billion for the popular paycheck. The bill which runs over 5 000 pages expands the paycheck protection program ppp which was originally established when the cares act was enacted earlier this year.