Will There Be Another Stimulus Package For Small Business

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

Will there be another stimulus package for small business. I encourage companies if they re in need of capital certainly talk to their local economic. There is some good news in that there are other ways small business owners can reach out for help. The first coronavirus relief package helped many small businesses earlier this year with payroll protection and disaster relief.

Another economic stimulus bill is in the works meaning potential financial relief to many. 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. There is welcome relief for small businesses.

There will be more ppp loans available the government would put aside another 190bn for this round of ppp loans and even if you received one before you may still be eligible to receive a second. Here s where each of those stand. And could a second stimulus check additional student loan debt and unemployment benefits and small business aid be included in the next stimulus package.

If your small business has been struggling because of the covid 19 pandemic here are some important ways the new relief package passed by congress may help. The newest legislaition will allocate another 310 billion to the ppp and an additional 10 billion to the economic injury disaster loan eidl grant program. More money for small businesses could have to wait weeks pelosi indicates democrats are holding out for more money for states and hospitals as well as 60bn to be channelled.

On april 24 congress passed legislation to replenish funds for small business loan programs. What you should. In addition to more paycheck protection program funds available congress passed tax relief for small businesses.

For business owners new measures could bring more tax.