Stimulus Package 2 Application

The bill also simplifies the ppp loan forgiveness application for businesses that borrow less than 150 000.

Stimulus package 2 application. President donald trump signed on sunday evening a 900 billion pandemic relief bill into law that includes enhanced unemployment benefits and direct cash payments. The new ppp program will have a flexible covered period and a simplified application process the new 2021 ppp language allows borrowers to elect a covered period ending at the point of the borrower s choosing between 8 and 24 weeks after loan origination. This reverses an irs ruling that would have prevented businesses from deducting such expenses.

The 600 checks will only go out to individuals making less than 75 000 a year or couples making less than 150 000. President joe biden s proposed plan for new 1 400 stimulus checks to supplement the 600 payments sent out after christmas is hitting a wall with moderate senators of both parties and the path to more relief could be longer than expected. Biden announced a 1 9 trillion stimulus package on jan.