U.S. Congress reached a deal on a roughly $480 billion coronavirus relief funding package to continue helping small business and hospitals, and expand COVID-19 testing. This new funding package comes after the initial funds set aside for the U.S. Small Business Administration (SBA) Paycheck Protection Program and Economic Injury Disaster Loan (EIDL) were exhausted in just two weeks — due to over 1.66 million loans for more than $342 billion. The Senate has approved the deal, and now it goes to the House.
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WHER Chat: Gain Funding Opportunities through Diversity Certification
A diversity certification is a denotation awarded to businesses that are at least 51 percent owned by a disadvantaged groups of the population, such women, minorities, veterans and people with disabilities. A women-owned business, for instance, must be 51 percent owned, managed and operated by women. In addition to government contracting, diversity classification can open your business to newfound streams of funding, from banks to venture capital dollars.