New Stimulus Package Update Ppp

December 22 2 51 pm.

New stimulus package update ppp. The small business administration. Under the new ppp program some small businesses can apply for a second ppp loan of up to 2 million. The stimulus package includes another round of stimulus checks.

December 29 2020 the consolidated appropriations act of 2021 has been signed into law by the president. In mid december the us congress passed the consolidated appropriations act of 2021 caa or act which included another 900 billion in stimulus efforts tied to the covid 19 pandemic. Congress took its time and president donald trump held it up but a new stimulus package was finally signed into law on sunday night.

New round of ppp funds whether or not you ve received ppp before you can apply for a new ppp forgivable loan whether or not. The new bill is tentatively titled the emergency coronavirus relief act of 2020 or ecra for now with a price tag of 748 billion down from the package discussed just days ago which would have cost 908 billion. Ppp 2021 284b stimulus package.

Ppp eidl update december 22 2020 14 minutes read updated. What the new coronavirus stimulus package means for churches new law clarifies ppp loan forgiveness process and extends ppp loan program among other provisions. That amount declines by five dollars for every.

In addition it allows. New funding new rules simplified application in this 4 minute read. The second largest federal stimulus package of 2020 provides 900 billion in covid relief.

Fortunately it contains some help for small. This new package provides additional funding for those businesses that did not receive ppp money in the first round especially minority and women owned businesses. The following summarizes the paycheck protection program ppp 2 provisions of the new stimulus law.