Industry News, Practice Management

Government Loans Start Flowing to Small Businesses

April 14, 2020

The flow of money to small businesses under the government’s $349-billion coronavirus relief plan is picking up momentum, although many company owners are still waiting and wondering.
Money that was held up by technological and legal issues and the sheer volume of applications began arriving in companies’ bank accounts at the end of last week. The Small Business Administration reported Monday that more than 959,000 applications had been approved for over $232 billion from the Paycheck Protection loan program.
Read more from the Associated Press >>

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