COVID Aid Package Includes $50B for Small Biz | Listening Session on Stimulus Bill

In this Must Know… 

COVID Aid Package Includes $50B for Small Business

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Yesterday, House Democrats passed the Senate-amended version of the $1.9 trillion COVID aid package, sending the bill to the President’s desk for signature. The White House announced Biden will sign the bill into law on Friday.

The bill has $50 billion in aid to small businesses, including:

  • $7.25 billion in additional funds for the PPP’s lending authority.
  • $25 billion for a Restaurant Revitalization Fund
  • $15 billion for additional advance payments under the SBA’s EIDL program
  • $10 billion for the State Small Business Credit Initiative
  • $1.25 billion more for SBA grants to live venues and cultural institutions
  • $100 million to establish a community navigator pilot program for community-based small business support organizations.
  • Check out our latest blog post for more!

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Listening Session: Stimulus Bill

There’s a lot to unpack from the stimulus bill that Congress just passed, as it includes aid for small businesses as well as nonprofits like ours.

Join us on March 16, 2021 at 10:30am PST to find out what’s in store for you and your clients with our special guest Matt Gomez, Banking Counsel for Chairwoman Nydia M. Velázquez, House Committee on Small Business. Ann and Liz Sullivan, our DC lifeline, will also be on the line.

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Regional Virtual Meetings

Now that spring is almost here we’re picking back up with our regional meetings to check in with our members and find out their needs. Be on the lookout for a future meeting with members in your area!

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