Coronavirus BRIEFING

Biden Administration Changes PPP Rules to Help Reach the Smallest Businesses

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While the Paycheck Protection Program (PPP) has delivered urgent relief to many businesses across the country, the initial round of PPP last year left too many minority-owned and mom and pop businesses out while larger, well connected businesses got funds quickly.

A Biden Administration official speaking on a conference call with reporters Sunday about coming changes to the PPP program, as reported by CNN in its story, “Biden Administration Changes PPP Rules to Help Reach the Smallest Businesses.”