Stimulus Grant Money For Small Business

Like stimulus checks and increased unemployment benefits the ppp is one of the economic lifelines federal stimulus laws have created to help families and businesses weather the economic storms the pandemic has.

Stimulus grant money for small business. The amount of grant appears to be up to 45 of your 2019 revenue or 85 of 2019 operating expenses. If the money is spent on payroll and other approved expenses the ppp loan can convert to a grant that doesn t have to be paid back. 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.

A first grant can be up to 10 million and a second grant could be up to 50 of the first grant. The stimulus bill also gives 15 billion to the sba to make grants to live venue operators or promoters theatrical producers live performing arts organization operators museum operators motion picture theatre operators and talent representatives who demonstrate a 25 reduction in revenues due to the pandemic. While you may be hopeful.

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.