More Stimulus For Small Business

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.

More stimulus for small business. There is welcome relief for small businesses. Small businesses saw more stimulus in a second round of the paycheck protection program ppp which we ll call ppp2. Congress took its time and president donald trump held it up but a new stimulus package was finally signed into law on sunday night.

Ppp2 is potentially very helpful but be quick the deadline for applications. A new round of paycheck protection program ppp loans more permissive rules on deducting expenses that were paid with ppp loan funds. I cover breaking news.

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. President trump signed the bill today. As a quick review small business owners can look forward to.

En español a new 484 billion bipartisan economic stimulus law will provide additional funding to small businesses and hospitals along with more money to expand testing for the new coronavirus that has brought the american economy to a standstill. Updated jan 19 2021 12 30pm est. 82 of americans want more small business aid 72 want stimulus checks from biden administration.

Fortunately it contains some help for small business owners. Sarah hansen forbes staff.