The federal government’s emergency lending program for small businesses is up and running again today with a fresh $310 billion after exhausting its original $350 billion allotment two weeks ago.
The program has been shrouded in controversy after a chaotic launch and the revelation that large, public companies had received loans even though the program was designed to help small, vulnerable businesses stay afloat. That prompted the Small Business Administration to issue new guidance that clarifies which businesses are entitled to the forgivable funds.
theothersarahh Hopefully all the companies who didn't desperately need those loans will return them.
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