New Stimulus For Small Businesses

The new stimulus package estimated to pump approximately 900 billion into a sluggish american economy represents some lessons learned as it aims to provide small business support which wasn t made available in the first round of funding back in march.

New stimulus for small businesses. A new round of paycheck protection program ppp loans more permissive rules on deducting expenses that were paid with ppp loan funds. While you may be hopeful that it will help your small business you probably are also glazing over the fine print unsure of whether you ll actually be able to take advantage of any of the new relief. There is welcome relief for small businesses.

New relief package provides next round of ppp funding for small businesses 5 ways the new stimulus bill may help your small business the application won t be more than one page and should be. Fortunately it contains some help for small business owners. 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.

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. 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. The consolidated appropriations act 2021 contains a new round of stimulus aimed at mitigating the continuing economic impact of the covid 19 pandemic especially for small businesses.

In addition to more paycheck protection program funds available congress passed tax relief for small businesses. After much debating congress finally passed a new covid 19 stimulus package which president trump signed into law on december 27. The law has created two set asides 15 billion for initial ppp loans and 25 billion for second ppp loans for small business borrowers with 10 or fewer employees and businesses located in low to moderate income lmi areas for loans up to 250 000.

Congress took its time and president donald trump held it up but a new stimulus package was finally signed into law on sunday night. Kriston jae bethel for the new york times.