$484 billion in additional coronavirus emergency aid approved
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics April 24, 2020 MJ Shareholders 0
Farmers and hemp businesses are eligible for another round of emergency loans with the enactment Friday of more federal funding aimed at keeping small businesses afloat.
The latest stimulus package, worth some $484 billion and signed by President Donald Trump, is aimed at replenishing a depleted fund to help small businesses avoid layoffs and furloughs.
The law includes $321 billion to fund the U.S. Small Business Administration’s Paycheck Protection Program (PPP).
Of that, $60 billion is designated for smaller lending facilities, including community financial institutions and credit unions with assets less than $10 billion.
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