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  • Kiplinger

    Answers to PPP Loan FAQs (Now That There's Fresh Funding for the Loans)

    by Rodrigo Sermeño, The Kiplinger Letter Apr 29, 2020 2 minutes

    The Paycheck Protection Program (PPP), which was created by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act, ran out of its initial funding of roughly $349 billion just a few days after the program launched on April 3. Last week, Congress approved another $310 billion for PPP loans.

    The fresh funding means many small-business owners will have a second chance at getting a PPP loan that could help them keep their companies afloat. Businesses will be

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