A Black-owned bank CEO in South Carolina says the new PPP applicants he's seen are businesses owned by women and people of color.
This new round of PPP will only be available to companies with fewer than 300 employees.
During the first round of lockdowns earlier this year, small businesses could fall back on federal relief. Not this time.
As the year draws to a close, small business owners are starting to figure out their tax liabilities for 2020. That's complicated for businesses that got Paycheck Protection Program loans.
Two PPP recipients discuss their relief loans and the challenges of staying open through the pandemic.
Getting that debt pardoned is a rigorous process right now. Some want to simply excuse loans under $150,000.
One reason why Black-owned businesses have fared worse in the pandemic: weaker banking relationships
That leaves them restricted access to capital, according to a study by the New York Fed.
One major difference from the Democrats' bill is a sharp decrease in the amount of money for pandemic unemployment assistance.
They have been a lifeline for laid-off workers. They also boost demand and enable businesses to focus on staying afloat.
They've been processing PPP loans, and also simply helping clients navigate a tough financial climate.