1/ "Emergency grants: The bill provides $10B for grants of up to $10K to provide emergency funds for small businesses to cover immediate operating costs.
Forgivable loans: There is $350B allocated for the SBA to provide loans of up to $10M per business."
npr.org/2020/03/26/821…
Forgivable loans: There is $350B allocated for the SBA to provide loans of up to $10M per business."
npr.org/2020/03/26/821…
2/ "Relief for existing loans: $17B to cover six months of payments for small businesses already using SBA loans."
All businesses: establishes a fully refundable tax credit for businesses of all size that are closed or distressed to help them keep workers on the payroll."
All businesses: establishes a fully refundable tax credit for businesses of all size that are closed or distressed to help them keep workers on the payroll."
3/ "Expenses for the eight-week period after the origination of the loan will be analyzed. Amounts spent on payroll, utilities, rent, or interest on mortgage debt will be added together. That amount will be forgiven, up to the total amount of the loan.' inc.com/graham-winfrey…
