Additional Funding for Federal Business Relief Programs
Apr 24, 2020
President Trump officially signed a $484 billion bill today that includes $310 billion in additional funding for the Paycheck Protection Program (PPP) and $60 billion in additional funding for the Economic Injury Disaster Loans (EIDL).
It’s expected that PPP will reopen on Monday. Lenders will be provided guidance a heads up prior to PPP applications re-opening. We are unable to find a definitive answer on when the EIDL application will re-open but it’s likely to follow around the same time as the PPP.
Questions? Our staff is here to help! Reach out to:
- Local Business Project Specialist Mike Lukan at email@example.com or 319-730-1403.
- Research and Analytics Specialist Laura Thomas at firstname.lastname@example.org or 319-730-1406
- Public Policy Strategist Barbra Solberg at email@example.com or 319-730-1426