The American Rescue Plan Act (ARPA) passed into law on March 11, 2021. While many Americans have been most focused on the direct-deposit stimulus payments to individuals, the plan also provides support for small businesses. These loans and grants have the capability to greatly bolster local economies. For those wondering what the stimulus bill means for your business in Janesville, Wisconsin, there were two programs within the act to support your business: Paycheck Protection Program (PPP) Loans and Restaurant Revitalization Fund (RRF) grants. While PPP funds have been exhausted, RRF could still be an option for your business.
Posted in: Act, business, Cares, covid, loan, payroll, PPP, relief, small