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News

No Second Round of Economic Injury Relief

According to CNBC, there will be no second round of funding for the Economic Injury Disaster relief loan program. 

Small businesses that took a hit from the coronavirus pandemic will be able to draw a second Paycheck Protection Program loan. But the same isn’t true for another popular Covid-era funding source for entrepreneurs.

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More Small Business Relief Planned

Incoming President Biden has a $1.9 trillion dollar economic relief plan in the works that helps individual taxpayers and small businesses, reports CPA Practice Adviser. 

President-elect Joe Biden rolled out a $1.9 trillion coronavirus relief plan — including $1,400 stimulus payments for taxpayers who received previous stimulus payments — aimed at beating back the highly contagious virus and resurrecting an economy in tatters from the pandemic. 

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Small Businesses Eager for More PPP

Small businesses are eager to apply for the second round of funding available under the Payroll Protection Program, reports CNBC.

For Andrea Herrera, founder of Amazing Edibles Catering in Chicago, the pandemic has tested her ability to adapt on the fly amid falling revenues. 

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