Hello my friends,
I am passing on a note to you to share with all of our friends struggling through this unprecedented time.
As you may be aware, Congress is currently debating a new stimulus bill, which contains changes to the Paycheck Protection Program that you may be interested in. We were able to obtain a copy of the basic framework of the stimulus bill’s provisions here: https://assets.documentcloud.org/documents/20421761/12920-emergency-covid-relief-act-of-2020-framework-summary.pdf.
Congress is trying to adjourn for the holiday on December 18th, so if this passes, we expect it in the next week. Specifics of the exact shape of the PPP loan program after the bill passes will be left to the Senate Committee on Small Business, which may take some time to hash out. I’ll do my best to keep you posted as we move forward.
Be well, and call if we can help.
Vacher Group, LLC