‘Exhausted’ Small Businesses Get Partial Lifeline With U.S. Aid
- Half of business owners see closing if economy doesn’t rebound
- ‘Any bit will help. I’m exhausted,’ laments U.S. businessowner
This article is for subscribers only.
Small business owners facing a treacherous winter and tighter lockdowns plan to jump at the chance to take out a second federal relief loan -- but still worry it may not be enough.
The nation’s small businesses are digesting news that Congress reached a deal to fund a new round of the Paycheck Protection Program, with many scurrying to understand its rules and determine if they qualify. In the package that lawmakers passed, Congress allocated $284 billion toward PPP, as part of a more than $2.3 trillion bill that will provide Covid-19 relief and government funding for the fiscal year into 2021.