New Stimulus Package Update For Small Business

The legislation sets aside 284 billion towards forgivable small business loans under a new iteration of the paycheck protection program.

New stimulus package update for small business. In addition to this stimulus package the western australian government has announced measures to support small business during the coronavirus covid 19 pandemic. Second stimulus package s relief for small businesses by stephen fishman j d. Wa coronavirus relief package.

Small businesses that took a ppp loan and saw their revenues fall by 25 will be able to obtain a second loan. The new 900 billion coronavirus relief and stimulus package includes an extension of last spring s paycheck protection program it provides another 284 billion in forgivable federally backed. A more detailed overview of all these measures and fact sheets are available from the australian treasury.

Congress has passed a new stimulus bill consolidated appropriations act of 2021 that contains many provisions designed to help small businesses that continue to struggle in the wake of the covid 19 pandemic. The initial stimulus fund for small businesses the paycheck protection program reached its nearly 350 billion cap less than two weeks after the program was launched. Lawmakers have agreed on a 900 billion covid stimulus package december 21 2020.

Scott morrison s latest economic stimulus package is a worth 66 billion bringing the total so far to a whopping 189 billion.