The brand new Consolidated Appropriations Act away from 2021 (CAA) try closed into the rules for the , and you may provided new financial support toward Income Security Program (PPP), and therefore expired for the .

This new PPP is good U.S. loan program situated to simply help smaller businesses influenced by the economic lag regarding the COVID-19 pandemic to invest the wages regarding employees and certain most other expenses. It had been produced by the fresh Coronavirus Services, Rescue, and you will Economic Coverage (CARES) Act and you may in the first place integrated $349 mil from inside the financial support; yet not, that cash was gone inside less than 2 weeks, evoking the 2nd bullet from capital totaling $310 mil. [Read more…]