Update On Stimulus for Small Businesses
22 APR 2020

Posted by robbie Categories: BLOG Comments: Post closed for comments

Update On Stimulus for Small Businesses

  • Senate just passed a $480 billion “interim” stimulus bill to tide small businesses over
  • $320 Billion for PPP; of this amount $60 Billion is allocated for community based lenders and mid-sized banks
  • $60 Billion for EIDL (SBA Disaster) and includes emergency grants
  • Remaining funding is to combat the Coronavirus
  • House vote expected on Thursday, April 23rd – STAY TUNED!!!!!