Fit Small Business: What the COVID-19 Stimulus Package Means for Small Businesses

The United States Congress has passed several measures in response to the COVID-19 pandemic designed to help small businesses, including tax rebates, tax filing extensions, business loans, emergency relief, and modified tax treatment. Perhaps the most significant benefit, the paycheck protection loan—also known as the coronavirus loan—can convert into a grant for small business owners that use it to cover payroll costs.