On Friday, April 24, 2020, President Trump signed into law a $484 billion bill that replenishes the Paycheck Protection Program (PPP) with an additional $320 billion, $75 billion for hospitals, $25 billion for coronavirus testing and $60 billion for the SBA’s Economic Injury Disaster Loan (EIDL) program.
If you have applied for a PPP loan, but have not yet received funding, you should check with your lender regarding the status of your application. If you have not yet applied for a PPP loan, but intend to do so, please check with your local financial institution as soon as possible to begin the application process. It is anticipated this second round of funding will go quickly.
Read more information about the PPP and EIDL programs and other COVID-related relief here: