This article was updated on April 22, 2020. Updates to this article will be made as new information becomes available.
Schneider Downs continues to track the evolving landscape of Federal financial programs offered due to the disruption of the coronavirus (COVID-19). On Tuesday, April 21, 2020, the U.S. Senate passed a deal on a $484 billion relief package for small businesses, hospitals and testing. Below is a summary of this new stimulus package:
The new stimulus package is in the hands of the U.S. House as of Wednesday, April 22, 2020, with a House vote scheduled on Thursday.
If you need more information or assistance regarding the PPP application process or the forgiveness calculations for PPP loans, please reach out to any of your contacts at Schneider Downs.
Please visit our Coronavirus resource page at schneiderdowns.com/our-thoughts-on/category/Coronavirus for related content.
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