Senate Republicans Propose Additional Loans for Small Firms
- Plan would limit funding to small entities hit hard by virus
- Republican plan has second PPP round and new long-term loans
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Senate Republicans are proposing further aid to U.S. small businesses hit by the coronavirus pandemic.
A second round of the Paycheck Protection Program would target help to those worst affected, and a new government-guaranteed, long-term loan initiative of almost $60 billion would be created for seasonal firms and those in low-income communities.