Loan

Congress, White House Strike Deal on Loan Program

Facts are forthcoming, but now’s the time to accumulate documentation for when the loan software method opens. 

ORLANDO, Fla. – If you had been amongst the tens of countless numbers of smaller enterprises and independent contractors that did not get a loan or grant from the final stimulus package deal, now’s the time to get ready for the future round of funding.

Congressional negotiators have attained a deal on laws that will deliver a different $310 billion for the Payment Defense Software (PPP) and $10 billion for grants below the Emergency Financial Harm Catastrophe Financial loan (EIDL) method. The bill sets apart $60 billion of PPP funding completely for smaller and medium-sized community banks. Many expect the president to have laws on his desk by the close of the week.

Facts are forthcoming, which include when the Modest Business Administration (SBA), which administers the method, will open up the software

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