Among the proposed changes: more time to spend and pay back the funds, fewer restrictions on how to use it
The arrangement would allow minority-owned lenders to take PPP loans off of their balance sheets.
Business advocates say that's a sign smaller businesses are finally getting the loans they applied for.
The new application form for the forgiveness program offers some clarification on significant points.
Unlike the first round, the second round of the Paycheck Protection Program has largely favored coastal states. New York, New Jersey, California and Washington, D.C. received the most loans relative to their share of the US population.
Businesses that have received PPP loans have to carefully manage how they spend the money if they want those loans to be forgiven.
For eight hours, only smaller banks were able to process applications.
Many of their lenders were excluded from the Paycheck Protection Program.
The direct-to-consumer flower company founder said the Paycheck Protection Program failed the small companies it was meant to protect.
As Congress weighs a new round of funding, data reveal that the upper Midwest and Great Plains regions benefited the most from the first round of PPP funding.