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Senate Passes Coronavirus Relief Bill

By April 21, 2020January 29th, 2024No Comments

As you may have already heard, the Senate has passed a nearly $500 billion interim coronavirus bill today, which includes the additional funding for the SBA loan programs (PPP and EIDL) that many have been anticipating. Although the bill will still be voted on in the house, it is expected to pass and be signed by President Trump by the end of the week.

The additional funding for the SBA loan programs has been much needed, as the original CARES act SBA funds were fully allocated last week, leaving many small businesses in a tough situation.

As this bill makes its way through the voting process this week, we urge anyone who has not applied for PPP or EIDL funding to reach out for assistance with the process.