With the economy destabilized by the Covid-19 pandemic, the U.S. government has spent trillions of dollars attempting to reduce the impact on American workers, families, and small businesses. Many Americans have received a stimulus check from the federal government, and many are hoping for another one this fall.
Now entering the third quarter of 2020, small business owners across the nation hope to jump start their businesses. We have seen various impacts due to the coronavirus pandemic, but the question is… Is it over? What will it take for the economy to rebound and how might a second wave change things?
July 6 - Update on the PPP
With $129 billion still available, a 5-week extension has been approved. This extends the deadline for applying for a PPP loan from June 30 to August 8.