Small Businesses Raced to Spend PPP Funds but Covid-19 Pandemic Drags On – The Wall Street Journal

Restaurants and retailers have applauded recent changes in the governments $670 billion small business rescue program that make it easier for companies battling the Covid-19 pandemic to qualify for loan forgiveness. But the increased flexibility has come late for scores of small businesses that followed the Paycheck Protection Programs original rulesand quickly used up most or all of their money.

Rising numbers of Covid-19 cases in Florida, Texas and other Sunbelt states have disrupted many reopening plans. The governor...

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Small Businesses Raced to Spend PPP Funds but Covid-19 Pandemic Drags On - The Wall Street Journal

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