On Thursday, April 23rd, the House of Representatives overwhelmingly passed legislation allocating $310 billion more for the Paycheck Protection Program (PPP) and $10 billion more for Economic Injury Disaster Loan Emergency Grants. PPP Loans are likely forgivable as long as recipients abide by the guidelines provided by the Small Businesses Administration (SBA). The Emergency Grants can be up to $10,000.
As with the first installment, the funds will be distributed on a first come, first served basis. Gamebird businesses that have not already applied should immediately connect with a bank that processes (SBA) loans and get the process started. Demand for the funds is very high, and it will not last long.