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Biden Signed the COVID-19 Relief
Today March 11, 2021 President Joe Biden signed the $1.9 Trillion Stimulus Bill that will provide the Payment Protection Program (PPP) an additional $7.25 billion and the Economic Injury Disaster Loan (EIDL) an additional $15 billion to fund shortfalls for the $10k grant.
President Joe Biden signed the bill a day earlier than we expected. Essential components of the Bill include:
Newly eligible entities may receive PPP Second Draw, if they have suffered at least a 25% revenue loss and employ only 300 employees or fewer; also expands the eligibility to additional non-profits organizations listed in Section 501(c).
Questions about the COVID-19 Relief Stimulus Bill? Our Financial Experts are online and ready to assist you, schedule a time here:
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