Stimulus Package 2021: Understanding Relief for Small Businesses
Posted: March 10, 2021 - By Melody Gandy-BohrIn an effort to focus on helping small businesses, Congress is extending the program created under the CARES Act through March 31, 2021. Expanding on the previous legislation, more funding is available to certain small businesses in the form of SBA-backed PPP and EIDL loans. Even if you’ve received a PPP loan from the previous rollout, you may be eligible to apply for a second draw loan. PPP loans offer forgiveness if funds are used for:
- Payroll
- Rent
- Mortgage or interest on a mortgage
Download our free guide to learn how this new legislation expands on the list of eligible expenses. Have questions? Review the included FAQ section for more help.
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