Stimulus Funding For Small Businesses

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 funding for small businesses. Because the smallest businesses and those located in low and moderate income areas were often shut out of the first round of ppp funding this bill includes set asides for small businesses with. 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. Jobless benefits aid to small businesses stimulus checks and money for vaccine distribution are in.

Here are the important parts for small business owners. The stimulus package is finally here with just days left in 2020. Subtitle c of the bill provides 9 billion in funding that will.

The government has set aside 15 billion for initial ppp loans and 25 billion for second ppp loans for small businesses borrowers with 10 or fewer employees as well as businesses in areas deemed to be of low to moderate income.