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Senate Passes $320 Billion Coronavirus Relief Bill
Senate Passes $320 Billion Coronavirus Relief Bill
Tuesday afternoon, April 21st , 2020 the Senate passed a bill that would add an additional $320 billion in funding to the Paycheck Protection Program, which provides possibly forgivable government-guaranteed loans to small businesses. Congress has also allocated $60 billion for the Economic Injury Disaster Loan program.
The initial $349 billion allocated to small business Covid-relief loans lasted two weeks. Since lenders currently have a backlog of applications, this money is also expected to go quickly.
Read more about it here.
The House is expected to vote as soon as Thursday.
Marty Thomas
Marty has spent most of the last 20 years developing software in the marketing space and creating pathways for software systems to talk to each other with high efficiency. He heads our digital marketing efforts as well as oversees any technology implementations for our clients. As a partner, Marty is also responsible for internal systems in which help our team communicates with each other and our clients.