Washington, Dec. 23 -- Congress passed a $900 billion pandemic relief package Monday that supplies more than $300 billion in relief for small businesses, including a second round of the Paycheck Protection Program (PPP). The package has been sent to the White House, where President Trump is expected to sign it into law.
The new round of PPP funding will include some changes from the first round of PPP made available earlier this year. Here's what tanning salon owners should know about the new PPP funds:
These "second draw" loans are targeted at hard-hit businesses that employ 300 or fewer employees and that have used or will use the full amount of their first PPP loan. The maximum loan under this program is $2 million, based on two and a ...