Latest COVID-19 Relief Bill Info

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The Kansas SBDC offers a handy guide to the latest relief bill passed by Congress and recently signed into law. Please note that this is a very concise summary of 5,600 pages of legislation and cannot cover every nuance. However, it’s an excellent starting point for determining if and how your business and/or your employees may benefit.

Pro tip: No bank is going to be ready to process a new PPP (Paycheck Protection Program) loan at this early date. They’ll be awaiting an “Interim Final Ruling” from U.S. Treasury and the SBA. However, now would be an excellent time to get your financial records in order, to be able to show, for example, the impact from COVID-19 on your revenues and to determine a potential (forgivable) loan amount based upon your payroll.