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Small Firms Still in Dark on Loan Forgiveness as Clock Ticks

  • Agency missed deadline last week to give guidance on grants
  • Loans forgiven if spent on payroll and costs in eight weeks
Closed businesses stand in Dallas, Texas, U.S.

Closed businesses stand in Dallas, Texas, U.S.

Photographer: Rebecca Smeyne/Bloomberg
Updated on

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Small businesses that struggled to get loans from a government pandemic relief program still don’t know how much they may have to repay after the government missed a deadline to give specific guidance.