The U.S. Small Business Administration in consultation with the U.S. Treasury Department, has released the following guidance for the “Coronavirus Response and Relief Supplemental Appropriations Act, 2021”.

• SBA Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns  (Released 1/6/2021)
• Interim Final Rule on Paycheck Protection Program as Amended by Economic Aid Act (Released 1/6/2021)
• Interim Final Rule on Second Draw Loans (Released 1/6/2021)

The “Consolidated Appropriations Act, 2021” (H.R.133) signed into law on December 27, 2020, enhances and expands certain provisions of the Coronavirus Aid, Relief, and Economic Security Act of 2020 (the CARES Act). This legislation will provide fast and direct economic assistance for American workers, families, and small businesses, and preserve jobs for our American industries. Expanded provisions include additional relief to small businesses through the Paycheck Protection Program, the Economic Injury Disaster Loan Advances, and a new grant opportunity for live venues as a part of the Save Our Stages Act.

For more information and updates, visit SBA.gov/PPP or Treasury.gov/CARES