Kutchins, Robbins & Diamond, Ltd. Certified Public Accountants and Advisors

Congress May Deliver More Money to Paycheck Protection Program (PPP)

Congress is anticipated to send $250 billion more to small businesses by the end of the week.

The Senate could move as early as Thursday to approve approximately a quarter trillion dollars in new relief to small businesses as Congress races to keep up with economic impacts of the coronavirus pandemic.

The recently enacted $2 trillion financial rescue package (CARES Act) included an initial $350 billion for the Paycheck Protection Program. Since launching the Paycheck Protection Program on Friday, it has become clear that Congress will need to provide more funding or this crucial program may run dry.

KRD will continue to keep you updated with the latest information on this program. Please contact us if you have any questions.

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