The flow of money to small businesses under the government’s 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 says more than 959,000 applications have been approved for over $232 billion from the Paycheck Protection loan program. The loans of up to $10 million carry the promise of forgiveness if the money is used for retaining staffers or rehiring those who have been laid off.
Posted
and last updated
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
,
Weather
Thursday
07/17/2025
Sunny
97° / 73°
0%
Friday
07/18/2025
Sunny
100° / 74°
0%
Saturday
07/19/2025
Sunny
100° / 72°
0%
Sunday
07/20/2025
Sunny
101° / 71°
0%
Monday
07/21/2025
Sunny
98° / 69°
0%
Tuesday
07/22/2025
Sunny
95° / 67°
0%
Wednesday
07/23/2025
Sunny
94° / 66°
0%
Thursday
07/24/2025
Mostly Sunny
93° / 66°
0%