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The australian government has announced several stimulus and relief packages designed to sustain small businesses through the coronavirus covid 19 pandemic and keep employees in work.
Stimulus for small businesses covid. The legislation sets aside 284 billion towards forgivable small business loans under a new iteration of the paycheck protection program. Here are a few more highlights. Personal protective equipment and covid 19 prevention equipment and importantly supplier.
What s in the stimulus package for small businesses ppp loans and cultural grants. Small business guidance loan resources. Small businesses that took a ppp loan and saw their revenues fall by 25 will be able to obtain a second loan.
Small businesses are encouraged to do their part to keep their employees customers and themselves healthy. Lawmakers have agreed on a 900 billion covid stimulus package december 21 2020. The government has stated that the measures are temporary targeted and scalable.
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