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Senate Passes Supplemental Aid Bill Adding $310B to Small Business Loan Program
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billboard.comSenate on Tuesday (April 21) voted to pass a bill adding $310 billion to the Small Business Administration’s COVID-19 loan program, including $50 billion for economic disaster aid loans, after the program's initial $349 billion funding pool ran out.
The supplemental relief package is $484 billion in total and the House is expected to approve the bill later this week. Since the start of the coronavirus pandemic, many trade groups in the music industry -- which has many thousands of small businesses and self-employed run business -- have been working closely with Congress to insure bills are worded properly to ensure relief funding flows to music too.
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