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Feb 22, 2021

Biden set to roll out PPP loan changes

The Small Business administration is going to open up a special two-week lending window starting Wednesday as part of an effort to aid smaller firms and companies owned by people of color. Plus, a new survey on how Black business owners are feeling about the economy right now. And, one factor in rising house prices: the soaring cost of lumber.

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Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Larger companies initially took advantage of the Paycheck Protection Program, which was intended to offer forgivable loans to smaller businesses.
Kameleon007 via Getty Images

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Biden set to roll out PPP loan changes