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Additional federal relief funding is coming, 4.24.20

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President Donald Trump today signed a $484 billion federal relief package that would increase the funding for the Paycheck Protection Program and allocate money to support hospitals and testing amid the coronavirus pandemic.

The Paycheck Protection Program, facilitated by the U.S. Small Business Administration, ran out of money on April 16, according to the administration.

The administration will post here when it is ready to accept new applications: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program .

To read the Washington Hospitality Association’s Q&A on the Paycheck Protection Program loans, click here. https://hub.wahospitality.org/coronavirus-resource/qa-payment-protection-program-washington-hospitality-association-4-23-20/