Congress reaches deal on coronavirus relief bill, which Trump is expected to sign
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includes additional funds for the small business loan program as well as more money for hospitals and testing
more than $320 billion for the Paycheck Protection Program, which was created by the coronavirus stimulus package passed late last month and provides forgivable loans
more than $320 billion for the Paycheck Protection Program, which was created by the coronavirus stimulus package passed late last month and provides forgivable loans
to small businesses that keep their employees on payroll.
About $60 billion of that additional funding would be set aside for "underbanked" business, a priority for Democrats, who were concerned that businesses in rural and minority areas were having trouble accessing the loans
About $60 billion of that additional funding would be set aside for "underbanked" business, a priority for Democrats, who were concerned that businesses in rural and minority areas were having trouble accessing the loans
also $60 billion in loans and grants for the Small Business Administration’s disaster relief fund, $75 billion for hospitals and $25 billion for coronavirus testing.
But the legislation does not include the additional funding for states that Democrats have sought.
But the legislation does not include the additional funding for states that Democrats have sought.
