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COVID Relief Package Details For Small Business Owners


By Staff | December 30, 2020 | Filed under: News
THE SHOALS-This information was originally shared by the ASBDC on Dec. 22.
There are over 5,500 pages in the pending legislation from Congress, and we haven’t finished reading every line just yet. Here’s what we know now, and what you can expect:
It will take SBA some time to implement what Congress has passed. Most SBA employees are working from home, and many are on holiday leave.
Once SBA has established the rules, it will take time for the lenders to implement them. This legislation addresses issues with the original PPP, and sets new rules for the “second draw” opportunity. ....

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