Businesses can apply for PPP loans if they didn’t before Here are some of the largest takeaways (among many) from the discussion. Chamber of Commerce executive vice president and chief policy officer Neil Bradley and Jeanette Mulvey, content director at CO-, discussed the new coronavirus relief deal and the updates to PPP. With the recent passing of a $900 billion stimulus bill by Congress, individuals and small businesses that continue to be impacted by the COVID-19 pandemic may soon receive some additional assistance.įor businesses, the new stimulus bill includes significant updates to the Paycheck Protection Program (PPP), changes to how PPP loans are taxed, tax credit eligibility changes, the ability to receive grants and more.ĭuring the recent Small Business Update, U.S. For more on stimulus aid still available, see our main story here. Some community lending institutions are still accepting applications from minority-owned and women-owned businesses and businesses in underserved communities to continue to disseminate funding earmarked for that purpose.
As of 5/5/21 the PPP loan program has run out of funds and is no longer accepting applications.