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!!!!!