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Pinedale Online > News > April 2020 > Businesses: Prepare today for new round of PPP funding
Businesses: Prepare today for new round of PPP funding
by Sublette COVID-19 Task Group
April 22, 2020

The U.S. House is expected to pass a bill on Thursday that provides additional economic relief to businesses across the country.

According to media reports, the agreement includes $320 billion to replenish the depleted Paycheck Protection Program, which provides guarantees for forgivable loans to small businesses that do not lay off workers or rehires them by June 30.

The bill has already passed the Senate and President Trump has indicated he will sign it, so small businesses should act quickly to meet with their banks and gather the necessary documents to be prepared for program’s reopening with the U.S. Small Business Administration.



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