New Stimulus Package Update Small Business

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New stimulus package update small business. Congress and the trump administration recently approved another round of federal stimulus to aid small businesses impacted by covid 19. Below are details of small business provisions of the new stimulus package and as importantly. As we did in may when the first stimulus package was signed spoton is doing everything we can to help support small businesses.

Here are some highlights related to small businesses that are in. Keep in mind that this. What you should do immediately to take advantage of these programs.

The proposed 908 billion stimulus includes measures to aid the unemployed small businesses and state and local governments. How small businesses will benefit from new relief package in addition to the tax fix the new bill provides the following aid to small businesses. New funding new rules simplified application in this 4 minute read.

284 billion of new ppp funding additional eligible. For the latest information on the recent stimulus package register here for our third small business update event which will take place on tuesday january 19 at 2 p m. December 22 2 51 pm click here for a recording of the new year updates on ppp and eidl webinar that took place on january 6.

The new stimulus package acknowledges the unique challenges of the restaurant industry by allowing restaurants to borrow 3 5 times their monthly payroll based on 2019 numbers. Funds for businesses that received the first round of ppp funds but can qualify for another bite at the apple if they can show significant losses in 2020 over 2019. With the recent passing of a 900 billion stimulus bill by congress individuals and small businesses that continue to be impacted by the covid 19 pandemic may soon receive some additional assistance.

Monday december 28 2020 on sunday night president trump signed legislation for 900 billion in coronavirus economic aid and 1 4 trillion in government spending and preventing a government shutdown. Here s everything you need to know including the new provisions to the paycheck protection program and small business administration lending programs plus how you can access funds. Have ppp eidl or tax.