Stimulus Update For Business Owners

In march the federal government passed a 2 trillion stimulus package to support the economy and reduce unemployment.

Stimulus update for business owners. Small business owners are invited to join small business majority. 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. On july 4 the deadline for paycheck protection program.

Federal relief for illinois small business. For contact information please click here. If you re a business owner who has been affected you may be able to get help via the cares act also referred to as the coronavirus or covid 19 stimulus package.

In the coming weeks we ll continue to update this piece as more news related to small business funding aid and stimulus packages circulates. After months of waiting for much needed relief small businesses are finally getting renewed support from the federal government. The coronavirus crisis has had a huge effect on small businesses and everyone else across the united states.

Demand for the popular paycheck protection program ppp has been massive since the application window opened on april 3. The new stimulus package approved by congress comprises 900 billion in virus relief funds. Second stimulus package bill passes summary of provisions affecting business owners as this is a fast moving topic please note that this article is current as of 12 22 20.

Representatives from the sba illinois district office might not be able to attend this week s session. The government stimulus programs still available to small business owners and the self employed the coronavirus pandemic has ravaged countless small and mid sized businesses as well as self. For the many small business owners with a list of questions about the stimulus package we ve also included a quick faq at the end of this post.

Let s cut to the chase. More than three months since the pandemic upended life in the u s the stakes are high for business owners and the economies they support. Of that 377 billion was carved out for small businesses those with 500.