The Senate Just Passed $480 Billion In Additional Funding For Small Businesses

This is HUGE for small businesses!

The news just broke that The Senate Just Passed $480 Billion In Additional Funding For Small Businesses. Funding that so many small businesses need to survive during these times.

The House of Representatives voted today (4/23/20) to approve a roughly $480 billion package to deliver aid to small businesses and hospitals and expand Covid-19 testing.

The vote passed 388-5 and will now go to President Trump to sign it.

In case you didn’t hear, the original bill meant for small businesses, ran out of funding in just 14 days and many large corporations that weren’t meant to get the funding, did.

It created such a stir online that many began creating online petitions asking businesses to return millions in funding.

Businesses such as Shake Shack and Ruth’s Chris decided to return the money after receiving $10+ million in funding under the SBA relief package.

With the return of those funds and this additional aid package, I am hoping more small businesses are able to keep their doors open and employees paid.

So, if you are a small business or know someone who has one, know that additional funding is coming and as we know more about how to get help, we will let you all know.

You can also read more about what was passed today here.

Hang in there!