$484 Billion Coronavirus Relief Package signed into law


The president just signed the $484 billion stimulus bill however according to banks most of that money will be gone in matter of days, however about $60 billion of the monies will be set aside for businesses that don't have an established banking relationship i.e. rural and minority-owned businesses and will be allocated to smaller banks and credit unions to lend out.


So if you haven't applied, put your applications soon with participating community banks and/or credit unions and if you have applied follow up with your bank to check your status.




**Also for those in the City of Dallas, the Dallas City Council is providing financial relief. The Office of Economic Development is launching a $5 million Small Business Continuity Fund that will provide up to $10,000 in grants and up to $50,000 in low-cost loans to small businesses affected by COVID-19.


See link below:





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