What’s Next for $1.9T Relief Package?

Credit: Fieldwire

Budget, Policy & Stimulus News

What’s Next for $1.9T Relief Package?

Potential changes could be in store for the Small Business Administration‘s Paycheck Protection Program under the Biden Administration’s proposed new $1.9T stimulus and relief package. The version passed by the House includes waiving a size cap for nonprofits and makes previously excluded nonprofits eligible. Newly eligible recipients could also take out a second draw loan, provided they have fewer than 300 employees and experienced at least a 25 percent revenue loss. (Source)

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