Paycheck Protection Program runs out of money, closing to most new applicants
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Economy59 mins agoPaycheck Protection Program runs out of money, closing to most new applicants
The Paycheck Protection Program, a vital lifeline that helped keep small businesses afloat during the coronavirus pandemic, exhausted its funding on Tuesday and stopped accepting most new applications, four weeks before it was slated to end.
Just a fraction of the $292 billion that Congress allocated to the rescue fund this year is left – most of which is reserved for financial lenders that serve underserved communities, according to a Small Business Administration spokesperson. Those lenders will be allowed to process qualifying applications until the remaining money runs out.
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eventually, leftwing control of all giant businesses will occur - the relatively few monopolies will be
"government owned" by influence etc.
Just like some huge businesses collaborated with the nazis back in the day....sellout greed and corruption.
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