Passed! The second round of US money can be received at the earliest next week! Are you eligible?-Eat Goods Team

Just last night (Monday), the participating hospitals formally passed the US$9000 billion Covid rescue bill, which is the second wave of money since the epidemic.The White House currently saysTrumppresidentThe bill will be signed, and if all goes well, it will be issued as early as next week.

Who can get the money?

Those with an annual income of less than $2019 in 75,000

Individuals will receive a payment of $600 directly

A family of four can get up to $2400

Those earning more than $2019 during 75,000 will receive less than $600 per person

Who can't get the money?

Those with an annual income of more than $99,000
Residents without SSN

When will the money be distributed?

According to CNBC reports, the Financial Secretary said: Those who meet the requirements will see the money in their bank accounts within a few days (next week at the earliest)

How to allocate 9000 billion?

US$2840 billion for small business loans Paycheck Protection Program (PPP)
$200 billion in grants for small businesses
$150 billion live event venues
Federal unemployment benefit of $300 per week

What can you get for small businesses?

For small business owners across the United States, the most exciting thing isIn the new bill, $2840 billion will be reserved for the second round of the PPP (Payroll Protection Program)!

PPP was originally established in the spring of this year under the CARES Act. A total of about 500 million companies in the United States have received about $5,250 billion in loans.About the first round of PPP related information,Please read here.

In the new round of PPP, it is planned to provide additional assistance to companies that did not receive the PPP in the first round, especially those owned by ethnic minorities and women.Small companies that have already received the first round of PPP funding but have made significant losses this year compared to 2019 are also eligible to receive assistance again (the specific loss percentage has not been determined, and some media reports call it 25%).The maximum amount of the second round of PPP loans will be US$200 million.Listed companies will be prohibited from applying.

In addition:

Set aside special funds for non-profit organizations, news media, etc., these companies are not eligible for application in the first round

$150 billion for live event venues (Live Event Venues), independent cinemas, cultural institutions, etc.

Provide another $200 billion in targeted grants for SBA's EIDL project

Tax relief for business meals

Allocate funds specifically for "very small" companies and issue loans through community-based lenders such as Community Development Financial Institutions (DDFI) and Minority Depository Institutions (MDI)

The new bill also answers another urgent question of small business owners:The amount of the PPP exemption part of the expenses (salary, rent, etc.) cannot be deducted from the income when filing the tax before, but after the new bill is passed, it is equivalent to giving small owners a double tax benefit.

The Senate will vote on this bill this week, and President Trump is expected to take effect before the Christmas holiday.Small business owners across the United States have been waiting for the new bill for 9 months and the second round of PPP will soon become a reality.But it seems that there is no key assistance to the catering industry that has been hit again under the epidemic.We will closely follow up the progress of the new round of PPP and welcome the attention of practitioners in the Chinese catering industry in North America!

In the second wave, some people are happy and some are worried. After sending money twice in a row, how much will the value of the money depreciate?Can you receive the money?Welcome to leave a message to share.

References:

https://www.cnbc.com/2020/12/21/covid-relief-bill-adds-ppp-tax-breaks-the-treasury-opposed.html

https://www.forbes.com/sites/allbusiness/2020/12/21/new-relief-package-provides-new-ppp-funding-for-small-businesses/?sh=230cbd5a3092

https://www.cnbc.com/2020/12/21/stimulus-checks-will-arrive-as-soon-as-next-week-mnuchin-says.html

*This article is an original article and does not involve any commercial interests.

It is for transmission and reference only and does not constitute any suggestion of behavior.

For more local information in the Bay Area, please follow 👇

If you find it useful, remember to "watch"

Passed! The second round of US money can be received at the earliest next week! Are you eligible?

Latest Articles

What do you have for dinner in 2021?Dallas people eat this? !

The Internet celebrities of the milk tea class are here in Dallas!Here comes a OneZo pill that will fill you with energy

Cajun grabbing seafood is delicious and discounted! Go for a seafood feast at Holiday Season!

See you in Chicago next week! NRA, the largest food and catering industry exhibition in North America, will debut next week!

People from Yunnan gather together! The Yunnan General Chamber of Commerce in the United States is established, and the CEO of the foodie team talks with the California Finance Minister

Shock! An 18-year-old Chinese high school student was arrested for plotting to commit a school shooting.