KNOW | TWELVE, FEBRUARY 2021
A New Round of Relief for Small Business Owners
A new round of relief for small business owners is available via the Small Business Administration’s Paycheck Protection Program. The program restarted on Jan. 11, 2021 and will draw on $284 billion set aside for it in the $900 billion pandemic relief package.
The bill, enacted on Dec. 27, also allocates $20 billion for the SBA’s Economic Injury Disaster Loan grant program and $15 billion for a forthcoming SBA grant program for arts and entertainment venues. A few other provisions could also prove useful for people who run their own businesses.
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