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 mlukan@cedarrapids.org or 319-730-1403.
  • Research and Analytics Specialist Laura Thomas at lthomas@cedarrapids.org or 319-730-1406
  • Public Policy Strategist Barbra Solberg at bsolberg@cedarrapids.org or 319-730-1426


Category: Public Policy

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