The $1.9 trillion American Rescue Plan, a stimulus package introduced by the Biden Administration, recently received Congress’ approval.
The stimulus package, like its two predecessors aimed at providing relief for individuals and businesses hindered by the Covid-19 pandemic, includes another round of funding for the Paycheck Protection Program (PPP).
The American Rescue Plan includes $7.25 billion for PPP loans as well as a number of changes to make it easier for the smallest of businesses to gain access to the funding. [Read more…] about Community banks a key resource for small businesses when crises arise