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Small business owners can get either loans or payroll relief from the $2 trillion coronavirus stimulus bill, but not both. Here's how to decide which is better for you

2 monthes ago   |   By Business Insider

The US government passed a $2 trillion stimulus package to stabilize the American economy during the coronavirus crisis.
More than $300 billion of that is earmarked for small businesses in the form of loans and payroll-tax deferment, of which businesses can only opt for one.
The two programs are very different and each has its benefits and drawbacks.
Business Insider spoke with two experts to make more sense of the bill and understand how small businesses can determine which program is best for them.
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Trump signs the $2 trillion coronavirus economic relief bill into law, which includes checks for Americans and business loans

Trump signs the $2 trillion coronavirus economic relief bill into law, which includes checks for Americans and business loans

2 monthes ago   |   By Business Insider

Trump signed a $2 trillion economic relief package on Friday to shore up an economy battered by the coronavirus pandemic.
It will directly send $1,200 checks to millions of Americans and provide zero-interest loans to small businesses employing fewer than 500 workers.
It's also set to dramatically expand unemployment benefits.
Visit Business Insider's homepage for more stories .
President Trump signed the $2 trillion economic stimulus package to mitigate the worst effects of the coronavirus pandemic on the US economy on Friday. It will inject a flood of cash and make it available for...
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Rare photos show lawmakers sitting in the House's public gallery and using social distancing while voting on $2 trillion coronavirus relief bill

Rare photos show lawmakers sitting in the House's public gallery and using social distancing while voting on $2 trillion coronavirus relief bill

2 monthes ago   |   By Business Insider

The House passed a $2 trillion stimulus package on Friday afternoon after weeks of furious negotiation on Capitol Hill about how to address the economic fallout of the coronavirus.
Congressmembers had to practice social distancing in the House chamber during the proceedings, in order to prevent the spread of the coronavirus.
Some members sat in the gallery above the House floor, typically reserved for visitors, staff, and members of the public. Several of them captured photos of the historic scene.
Photos usually aren't allowed in the House chamber, which means Americans got a rare glimpse...
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Coronavirus updates: US House passes $2 trillion stimulus package - CNET

Coronavirus updates: US House passes $2 trillion stimulus package - CNET

2 monthes ago   |   By CNET

Plus: UK Prime Minister Boris Johnson tests positive, the US now has the most cases worldwide, and new jobless claims surpass anything in US history.
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The House just passed the $2.2 trillion coronavirus stimulus bill. Here's what it means for the more than one million restaurants in the US

The House just passed the $2.2 trillion coronavirus stimulus bill. Here's what it means for the more than one million restaurants in the US

2 monthes ago   |   By Business Insider

The Senate passed a $2.2 trillion economic stimulus bill on Wednesday to bolster the US economy during the coronavirus pandemic.
After more than three hours of debate, The House passed the bill on Friday afternoon.
The restaurant industry, which employs 15.6 million people across the US , will take an estimated $225 billion hit because of the outbreak - but the new stimulus bill could offer some relief for restaurants.
The aid package would offer more than $300 billion in loans to small businesses for payroll, mortgage and rent payments, utilities, and other expenses. Some loans could be...
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House passes $2 trillion coronavirus stimulus bill, which includes direct payments to Americans and business loans

House passes $2 trillion coronavirus stimulus bill, which includes direct payments to Americans and business loans

2 monthes ago   |   By Business Insider

The House passed the Coronavirus Aid, Relief, and Economic Security, or CARES, Act on Friday, sending the bill to the White House for President Donald Trump to unleash $2 trillion in stimulus for the coronavirus-hammered economy.
The legislation passed just before 1:30 p.m. ET after more than three hours of debate.
It includes direct payments of $1,200 for millions of Americans, emergency loans for businesses, hospital aid, and unemployment benefit expansions.
The passage follows back-to-back blockages from Senate Democrats earlier in the week and days of negotiation before a deal was...
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