U.S. Chamber of Commerce - Guide to Small Business COVID-19 Emergency Loans

US Chamber - Guide to Small Business COVID-19 Emergency Loans
What Small Businesses Need to Know About the New Pandemic Relief Package – Changes to PPP and More  

As part of an end-of-year pandemic relief package, Congress has passed several changes to the Paycheck Protection Program (PPP) and created a “Second Draw” PPP for small businesses who have exhausted their initial loan. Other changes impact eligibility for initial PPP loans, the loan forgiveness process, and the tax treatment of PPP loans.  

Congress has also made changes to other programs – including Economic Injury Disaster Loans (EIDL Program), the Employee Retention Tax Credit, a Venue Grant program, and SBA loan programs –that will benefit small businesses.

Related Posts