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COVID loan programs get more funding; owners, tracks eligible
Additional funding for the Paycheck Protection Program and Economic Injury Disaster Loan program is included in a $480 billion in coronavirus (COVID-19) financial relief passed by the U.S. Senate and House of Representative and signed by President Trump April 24.
The EIDL program and Paycheck Protection Program are part of the Coronavirus Aid, Relief and Economic Security (CARES) Act that passed Congress in March. The most recent legislation adds $60 billion to the EIDL program and another $310 billion for the PPP.
The Thoroughbred Horsemen's Association April 24 announced that the Small Business Administration issued new guidance clarifying that racetracks and small entities such as horse ownership entities are eligible for PPP loans.
Latest Posts
The upcoming MTHA Health Fair at Laurel Park on Tuesday, September 30 will feature hands-only CPR, AED, and Narcan demonstrations—skills that can save lives in critical moments.
The entire Maryland racing community showed its true character today on the backstretch at Laurel Park when quick action from horsemen and officials saved the life of jockey agent Simon Purdy.
