Small Business Stimulus Update Today

The new 900 billion coronavirus relief and stimulus package includes.

Small business stimulus update today. Federal relief for illinois small business. The new stimulus package approved by congress comprises 900 billion in virus relief funds. It s a giant last minute bill some 5 593 pdf pages long but fortunately you don t have to read the whole thing.

Below are details of small business provisions of the new stimulus package and as importantly. Here s very good news. What you should do immediately to take advantage of these programs.

On december 21 congress passed a deal on both a spending bill and another round of covid 19 stimulus relief. The stimulus package is finally here with just days left in 2020. After months of waiting for much needed relief small businesses are finally getting renewed support from the federal government.

For businesses the new stimulus bill includes significant updates to the paycheck protection program ppp changes to how ppp loans are taxed tax credit eligibility changes the ability to receive grants and more. This week congress passed a 900 billion stimulus bill to assist individuals and small businesses that continue to be impacted by the covid 19 pandemic. The 908 billion proposal includes 288 billion in small business aid such as more paycheck protection program loans and 180 billion for supplemental unemployment insurance according to a draft.

In that case all updates will be provided by small business majority staff. All news recent press releases.