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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.
Stimulus bill small business grants. 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. One of biden s biggest priorities is an additional economic impact payment of 1 400 for most americans on top of the 600 that congress approved in december. Grants will be awarded to.
The new 900 billion stimulus deal includes 325 billion for small businesses and a continuation of the paycheck protection program. Small businesses and nonprofits would receive a total of 20 billion in economic disaster grants to help them survive the coronavirus pandemic under the stimulus package to be voted on by congress. The deal allocates money for specific kinds of business owners.
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