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SBA to Businesses: Act Quick on New Round of Federal Funding

Published Apr 23, 2020 by Maggie Martin


Congress gave final approval to a new $484 billion COVID-19 stimulus package on April 23 and President Trump signed the measure a day later.  

The bill includes an additional $321 billion for the Paycheck Protection Program, a lending program designed to help small businesses with forgivable loans during the crisis. The new influx of federal dollars provides a new opportunity for small businesses that were shut out after the initial round of funding ran dry within two weeks of opening. 

Executive Partners