The US House of Representatives Thursday Passed a Nearly $500 Billion Interim Coronavirus Bill that includes additional money for the small-business loan program.
The House approved a nearly $500 billion Coronavirus rescue package that delivers emergency aid to small businesses and hospitals after two weeks of negotiations between party leaders and the White House.
The bill will provide an immediate $321 billion infusion for the Paycheck Protection Program, the small business rescue fund that ran out of money last week. The package also provides another $60 billion in economic disaster loans for small businesses, $75 billion in emergency relief for hospitals and $25 billion to ramp up coronavirus testing.
The President has indicated that he sill sign the bill soon. As soon as we have more information we will share it with you.
IF YOU NEED HELP completing your SBA Economic Injury Disaster Loan and/or Paycheck Protection Program applications, go to http://volunteernewyork.org/vvc