ABC gives an overview of the new Coronavirus Relief Bill and what it means for small businesses.
One quick takeaway from the expanded Payroll Protection Program: “The fresh relief extends the program through March 31, 2021, and also extends eligibilities on what the funds can be used for (such as property damage costs) as well as simplifies the application process for loans under $150,000.”
And “The revised PPP in the second round of legislation has been expanded so that nonprofits and local news organizations are now eligible for the funds.”