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New Stimulus Bill Offers A Glimmer Of Hope For Small Businesses


Canyon News
UNITED STATES With the pandemic stretching into its ninth month, small business owners have turned their attention to developments in Washington.  Lawmakers have agreed on a new $900 billion stimulus bill with a second round of PPP funds for small businesses that have seen a reduction of at least 30% in revenues.  The bill also includes a provision allowing deductions for PPP expenses that result in PPP loan forgiveness.
Like all restaurants across Los Angeles, Barcito & Bodega had to pivot its business when the pandemic hit in March. Cocktail hour became a thing of the past. Without the ability to offer indoor seating to diners, the Latin American cafe and cocktail bar had to revamp its business model eventually transforming into a deli and bottle shop that focused on takeout and delivery. ....

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