Stimulus Package 2 For Small Business

In march congress passed the 2 trillion dollar coronavirus aid relief and economic security cares act a stimulus package that includes several programs aimed at small businesses impacted by the covid 19 outbreak.

Stimulus package 2 for small business. Small businesses that took a ppp loan and saw their revenues fall by 25 will be able to obtain a second loan. The legislation sets aside 284 billion towards forgivable small business loans under a new iteration of the paycheck protection program. Here are the important parts for small business owners.

Lawmakers have agreed on a 900 billion covid stimulus package december 21 2020. It s a giant last minute bill some 5 593 pdf pages long but. The stimulus package is finally here with just days left in 2020.

The agreement sets aside 285 billion for additional loans to small businesses under the paycheck protection program renewing the program created under the initial stimulus legislation. A more detailed overview of all these measures and fact sheets are available from the australian treasury. Second stimulus package s relief for small businesses by stephen fishman j d.

While you may be hopeful. What you should do immediately to take advantage of these programs. Below are details of small business provisions of the new stimulus package and as importantly.

Wa coronavirus relief package. In addition to this stimulus package the western australian government has announced measures to support small business during the coronavirus covid 19 pandemic. The package reopens the paycheck protection program so that some of the hardest hit small businesses can apply for a second loan.

Demand for the popular paycheck protection program ppp has been massive since the application window opened on april 3. The program stopped taking applications for the first round of.