$484 billion in additional coronavirus emergency aid approved

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$484 billion in additional coronavirus emergency aid approved

Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of more federal funding aimed at keeping small businesses afloat.

The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help small businesses avoid layoffs and furloughs.

The law includes $321 billion to fund the U.S. Small Business Administration’s Paycheck Protection Program (PPP).

Of that, $60 billion is designated for smaller lending facilities, including community financial institutions and credit unions with assets less than $10 billion.

To learn more about emergency small-business assistance, click here.

Source Link: https://hempindustrydaily.com/another-round-of-coronavirus-emergency-aid-approved/

We are not the original authors of this article. This content was republished from HempIndustryDaily.com.

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