2020 stimulus package: How will a new one stack up to the last one?

Money to cover urgent needs: If you need to make a mortgage payment, keep the lights on or pay other bills, you may need to take money out of your retirement plan. , a lien on your home or foreclosure, tapping your 401(k) could make sense. 

The game was originally scheduled for Friday night, but it was moved to the national CBS broadcast window Saturday after the game between the Portland Thorns and OL Reign was postponed because of poor air quality caused by the wildfires in Oregon.

What is a coronavirus hardship loan? Designed to provide temporary financial support during this turbulent time, a coronavirus hardship loan generally features lower interest rates and deferred repayment options so you won’t need to start paying it back right away. It can be a helpful stopgap when you need money now and may not have the means to pay it back in the near term.

How long enhanced unemployment lasts

Expires July 31.

January 2021 for most workers, through March 2021 for gig workers, independent contractors, part-time workers and self-employed.

$200 per week bonus through September. Then 70% matching of lost wages. Extends expiration of federal benefits until Dec. 31.

Paycheck Protection Program

Allocated $659 billion total in forgivable loans for small businesses, who must use 75% on payroll to be eligible for forgiveness. $130 billion remains, but expires Aug. 8.

Expands eligibility, eliminates 75% payroll requirement and extends application period to Dec. 31.

Injects another $190 billion into the PPP fund, expands eligibility and allows businesses to request a second loan. Eliminates 75% payroll requirement and expands approved uses of funds for loan forgiveness.

You’re going through major financial hardships due to COVID-19 such as losing your job, a delayed start date for a new job, a job offer that gets rescinded, furlough, a reduction in hours, closing of your business or you can’t work due to lack of childcare.

How quickly do I need to repay a coronavirus hardship loan? Repayment terms vary, dependent on factors including how much you’re borrowing and your overall financial situation. House says that the repayment period generally ranges from six months to five years.

Michael Owen dazzled and Alan Smith realised his beloved… ‘I didn’t expect him having the phone by his bed, I didn’t… Ole Gunnar Solskjaer confirms ‘top human and positive guy’… ‘He scores as if you were writing a textbook’: Rio Ferdinand…

Yet despite his good form, Reguilon is not in Madrid manager Zinedine Zidane’s first-team plans and though United are keen on a £27m move, Solskjaer and the United board do not want to include a buy-back clause.  

“For the most part, requirements are the same as they normally are when applying for a loan: a credit report and score that reflects a good payment history, and income that supports repayment,” House says. “But many places are also offering loans to people who have less-than-perfect credit.”

Food banks and SNAP: The Supplemental Nutritional Assistance Program provides supplemental food resources to families in need. Also consider applying for WIC. Feeding America is supporting local food banks as well.

Michael Owen dazzled and Alan Smith realised his beloved… ‘I didn’t expect him having the phone by his bed, I didn’t… Ole Gunnar Solskjaer confirms ‘top human and positive guy’… ‘He scores as if you were writing a textbook’: Rio Ferdinand…

Though Congressional leaders remain at an impasse on the next economic relief package, the Republican-led Senate will return this week to vote on a “skinny” coronavirus relief bill that includes some parts of the Republican HEALS Act and the Democratic Heroes Act, including funding for the USPS and . However, the bill does not include a second stimulus check for eligible Americans, as the March CARES Act did. Another direct payment could still happen at a later date, as an independent bill, as part of another package or url through an executive action.

Other types of loans: If you’re able to pay your bills but are still struggling, you can borrow up to $100,000 from your 401(k) without any tax penalty, courtesy of the CARES Act. You may also be able to refinance your home loan to get a lower interest rate and a lower monthly payment.

How can I qualify for a coronavirus hardship loan? Some hardship loans require you to document how you’ve been impacted. House says lenders are currently more focused on proof that you’ll be able to repay the loan. 

Bonus for employees who start new jobs or are rehired

Does not address.

Does not address.

There could be a return-to-work bonus of up to $450 per week for unemployed workers who secure a new job or are rehired.

A coronavirus hardship loan can help. It’s a personal loan that can help provide temporary financial relief from the impact of the pandemic. If you’ve lost your job, your income has been reduced or you’ve blown through the government stimulus money, a hardship loan could help you float until things stabilize.

Top