Welcome back! Hear from Mat Erpelding in this latest Chamber Video Update, following the passing of Congress's new relief package worth trillions of dollars, called the CAREs Act. This is the third and largest economic stimulus package passed in two weeks. This video focuses on the emergency loans included called the Paycheck Protection Act. In Idaho an estimated 39,000 plus businesses are eligible for 1.5 billion dollars in aid. The PPP the initiative provides 100% federally guaranteed loans to small businesses, many of which are also 100% forgivable.
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