There is $284 billion in forgivable PPP loan funds available, both for some businesses that already got PPP loans as well as others that missed out in round one. It will include expanded PPP eligibility for 501(c)(6) nonprofits, including destination marketing organizations, and local newspapers, TV and radio broadcasters. 

The SBA begins accepting PPP loan applications starting January 11, 2021.

Grants (advances) under the Economic Injury Disaster loan program (EIDL grants) will open again with $40 billion included for new emergency EIDL Grants for, including targeted grants for businesses in low-income communities.

Small businesses will continue to benefit from SBA debt relief payments with $3.5 billion set aside for that assistance. Another $2 billion is included for enhancements to SBA lending. 

There will also be $15 billion in dedicated funding for live venues, independent movie theaters, and cultural institutions. 

PPP Application here.

EIDL Grant Application here.

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