Small business coronavirus loan program reopens under crush of demand

The Hill: The Small Business Administration's (SBA) emergency coronavirus lending program reopened Monday to a crush of applications as business owners scramble to secure aid before another round of funding runs dry.

The SBA’s Paycheck Protection Program (PPP) began accepting new applications Monday for an additional $310 billion in forgivable loans to small businesses with new restrictions and set-asides meant to broaden the initiative's reach.

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