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On December 27, 2020, the Consolidated Appropriations Act, 2021 (“the Act”), was signed into law. The new law both funded the U.S. government for the remainder of FY 2021 and made available a wide range of COVID-19 relief support, including The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (“Economic Aid Act”).
The Act reopens the Small Business Administration’s (“SBA”) Paycheck Protection Program (PPP), allowing businesses to apply for a loan for the first time or, in some cases, allowing existing PPP borrowers to apply for a second loan. In general, new first-time PPP borrowers will be subject to the PPP’s original eligibility rules as amended by the Economic Aid Act, and second-time PPP borrowers will be subject to the requirements outlined below. The Act includes significant modifications and extensions of the Paycheck Protection Program (“PPP”) including:
VALLEY CITY, N.D. (NewsDakota.com) – The following is a news release by the Valley City Area Chamber of Commerce.
The Small Business Administration (SBA) is offering an informational webinar about the Shuttered Venue Operators Grant program, included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. Up to $10 million in grants is available to eligible organizations with a reduction in revenue due to the COVID-19 pandemic.
The webinar will be offered Thursday, January 14, 2021, at 2 p.m. Central, 1 p.m. Mountain and will include introductory information about the grant, who can apply, how organizations can prepare and additional details regarding eligibility and applications.
The Small Business Administration (SBA) is offering an informational webinar about the
Shuttered Venue Operators Grant program, included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. Up to $10 million in grants is available to eligible organizations with a reduction in revenue due to the COVID-19 pandemic.
The webinar will be offered tomorrow,
January 14, 2021, at 2 p.m. Central, 1 p.m. Mountain and will include introductory information about the grant, who can apply, how organizations can prepare and additional details regarding eligibility and applications.
and share with your network.
A
second webinar offered by the SBA North Dakota District Office and the North Dakota Small Business Development Centers will be tomorrow,
WASHINGTON – The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing
Highlights
The Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), which was part of the Consolidated Appropriations Act, 2021 package, made various changes to the Paycheck Protection Program (PPP) that affect all PPP loans including those funded under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The Economic Aid Act opens a new PPP loan period for first loans and implements a second loan draw for certain PPP borrowers, each through March 31, 2021.
President Donald Trump signed the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act), which was included in the Consolidated Appropriations Act, 2021, on Dec. 27, 2020. In turn, the U.S. Small Business Administration (SBA) published a new consolidated Interim Final Rule (IFR) on Jan. 6, 2021, relating to the Paycheck Protection Program (PPP) created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as revised by the Econ