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Updated on December 28, 2020 at 6:21 pm
NBC Universal, Inc.
President Donald Trump signed into law the roughly $900 billion coronavirus relief package. The new act will provide $285 billion in loans to small businesses as part of the Paycheck Protection Program (PPP).
The meeting and hospitality industry is one of the hardest hit by the pandemic and likely will be one of the last to recover. Jules Clifford owns Event Photography of North America Corporation (EPNAC) located in Washington, DC. He says he lost $250,000 in business in the first two days of the pandemic. Last May, he got a $54,000 PPP loan and has been using it to pay his employees even though he’s lost almost all of his business.