Signed into law on December 27, 2020, the new COVID-19 stimulus package contains $900 billion in additional relief to businesses and individuals. Among other things, the new bill expands the Coronavirus Aid, Relief and Economic Security (CARES) Act’s Paycheck Protection Program (PPP), which was enacted on March 27, 2020.
To help you identify PPP provisions applicable to your business, we’ve unpacked major aspects of the new funding bill.
Round 1 vs. Round 2 of the PPP
Both rounds share the common goal of providing forgivable loans to small businesses hit hard by the COVID-19 pandemic. However, they are different in
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