Senate Finally Passes Small Business Bailout…

Here’s What’s In It

-$310 billion for additional Paycheck Protection Program loans because the $349 billion in aid ran out quickly.

-$10 billion for Economic Injury Disaster Loan grants for up to $10,000 that small business owners can get from the SBA website. The loan does not have to be paid back if it is used to maintain payroll, cover paid sick leave, and service other debt obligations.

-Hospitals and health care providers get $75 billion.

-$25 billion for coronavirus testing

-$1 billion to cover testing costs for the uninsured and $825 million to community health centers and rural health clinics

-$1 billion to the CDC

-$1.8 billion to the National Institutes of Health (NIH) to develop testing

-$1 billion to the Biomedical Advanced Research and Development Authority for testing and supplies