‘Exhausted’ Small Businesses Get Partial Lifeline With U.S. Aid
By Michael Sasso and Noah Buhayar
Dec. 22, 2020, 2:16 PM
Small business owners facing a treacherous winter and tighter lockdowns plan to jump at the chance to take out a second federal relief loan -- but still worry it may not be enough.
The nation’s small businesses are digesting news that Congress reached a deal to fund a new round of the Paycheck Protection Program, with many scurrying to understand its rules and determine if they qualify. In the package that lawmakers passed, Congress allocated $284 billion toward PPP, as part of a more than $2.3 trillion bill that will provide Covid-19 relief and government funding for the fiscal year ...