The stimulus legislation includes $300 billion in funds to the Small Business Administration (SBA) for the reauthorization of the Paycheck Protection Program (PPP).
Stimulus legislation would provide much-needed relief to American citizens and small businesses across the U.S., and it needs to be passed as soon as possible.
The U.S. House of Representatives Committee on Small Business recently held two hearings to discuss the current status and future recommendations for the PPP.
Committees in the U.S. House and Senate have continued to hold hearings on the rollout and implementation of the PPP.
On June 3, the Senate passed the “Paycheck Protection Program Flexibility (PPP) Act of 2020.”
A shop may need to give out raises or increase benefits to fully qualify for forgiveness of the SBA PPP loan.