More Relief for Small Businesses

Published by donnaostak on

On Thursday, April 23rd, Congress passed an additional stimulus package to replenish the financial relief for small businesses and institutions that are being hit hard by the pandemic. This latest stimulus package allocates:

  • $340 billion to the Paycheck Protection Program
  • $60 billion for the Economic Injury Disaster Loan
  • $75 billion for hospitals
  • $25 billion towards COVID-19 testing

It is anticipated that the same application process and criteria will apply as did previously.

Categories: Commercial

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