Stimulus Help For Small Business

Fortunately it contains some help for small business owners and the self employed.

Stimulus help for small business. The government has stated that the measures are temporary targeted and scalable. 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. 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.

Below are details of small business provisions of the new stimulus package and as importantly. 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. 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.

Demand for the popular paycheck protection program ppp has been massive since the application window opened on april 3. 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.