Small businesses may soon be eligible for a second round of PPP loans

Small businesses may soon be eligible for a second round of PPP loans

Small businesses may soon be eligible for a second round of PPP loans
Reading Time: < 1 minute(Last Updated On: July 30, 2020)

Senate Republicans announced a proposal earlier this week that would introduce a range of government financial relief programs to help individuals and businesses still struggling to recover from the economic impact of COVID.

The proposal includes:

  • $190 billion for the Paycheck Protection Program
  • Enhanced federal unemployment insurance at 70% of a worker’s previous wages
  • New tax credits for employee retention and other workplace expenses
  • Legal protection for businesses, doctors, and schools against COVID lawsuits

More info here.

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