PPP loans and grants are being being used for payroll and other essentials.
Funds available will remain the same. This legislation provides more time for loan processing.
Includes extension of pandemic unemployment benefits.
The SBA also announced four additional changes to open the PPP to more underserved small businesses.
Resources for the second phase of the small business-focused Payroll Protection Program.
The SBA provides loans to help qualifying businesses keep their workforce employed.