American Rescue Plan Act Expands PPP Eligibility
Advertisement American Rescue Plan Act Expands PPP Eligibility - Modifies Loan Forgiveness and Adds Funding for Online Publishers, Restaurants and Shuttered Venues Tuesday, March 16, 2021 President Biden recently signed the American Rescue Plan Act of 2021, which adds an additional $15 billion in new funding for Economic Injury Disaster Loan grants, expands PPP for nonprofit organizations, online news publishers, restaurants, shuttered venues and modifies loan forgiveness rules. Nonprofit Organizations 501(c) entities, other than 501(c)(3), (4), (6) or (19), that are exempt from tax...
Source: natlawreview.com