More Small Business Loans are Forthcoming for Struggling American Businesses

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More Small Business Loans are Forthcoming for Struggling American Businesses

The federal government’s Paycheck Protection Program will soon receive an infusion of $310 billion in additional funds, after the initial $349 billion ran out in just two weeks’ time. The loans are part of the federal government’s coronavirus relief program, and they are meant to help businesses pay meet their employee payroll needs, even if they’re closed. The loans do not need to be repaid.

Image via Flickr/Janbask

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