Congress Approves New Small Business Relief Program Funding

The U.S. Congress has approved $381 billion in new funding for two critical small business coronavirus relief programs.  The U.S. House acted April 23 on a $484 billion package that includes an additional $321 billion for the Paycheck Protection Program (PPP) and $60 billion for the Economic Injury Disaster Loan fund (EIDL). Colorado Approved Lenders can begin processing the new PPP loans today April 27, 2020, at 8:30 am (MST), and the SBA will accept new EIDL applications at the same time.