Stimulus Bill Aims To Aid Small Businesses

In the latest stimulus bill billions of dollars have been set aside for small businesses impacted by covid-19.

Midweek./// in the latest stimulus bill billions of dollars have been set aside for small businesses impacted by covid?

"*19.

Kimt news 3's alex jirgens is speaking with a financial expert on how this will be an added bonus for small businesses.

He joins us live in mason city ?

"* alex?xxx katie ?

"*many small businesses have been trying to keep their heads above water for the past year ?

"* applying for much needed financial assistance to keep their doors open.

Thanks trillion dollar stimulus package that passed earlier this month ?

"* about 59 billion dollars are being set aside for small business relief.

For bars and restaurants specifically ?

"* a 25 billion dollar grant is available.

Troy westendorf with the triplett?

"* westendorf financil group of ankeny has heard from many clients who are in dire straits.

He feels that this help will go a long way ?

"* as many owners have had to deal with not only financial but "many of us thought this was going to be a month or two months and we'd be out of the woods, but it lingered on.

This is a pretty good impact they're having with these bills that's going to help these restaurants and bars and other small businesses out."

In addition ?

"* about 7 billion dollars were earmarked for the p?

"*p?

"*p program ?

"* and m non profits eligible for ppp loans.

For those who are wanting to apply for ppp loans ?

"* business owners have until march 31st ?

"* though it may be possible that deadline could be extended.

Live in mason city ?

"* alex thank you alex.

If you're a small business owner and have not applied for a ppp loan before ?

"* you may still be eligible.

Businesses with less than 500 employees can apply for a first draw loan ?

"* and businesses with less than 300 workers can apply for a second draw loan./// covid?

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