Connect with us

Business

The Paycheck Protection Program is out of money and closed to most new applications. – The New York Times

Some funds are still available for community financial institutions and to finish processing pending applications.

Published

on

Article feature image
ADVERTISEMENT

Some money around $8 billion is still available through a set-aside for community financial institutions, which generally focus on lending to businesses run by women, minorities and other underserved communities. Those lenders will be allowed to process applications until that money runs out, according to the trade groups alert.
Representatives from the Small Business Administration did not immediately respond to a request for comment.
Some money also remains available for lenders to finish processing…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee – MarketWatch
Article feature image
‘Not all airlines are created equal’: Two stock traders give their favorite picks – CNBC
Article feature image
EU court scraps Amazon’s $303M EU tax order – Fox Business