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Trump says should be possible to allow PPP borrowers more time to use loans

from Reuters

Trump says should be possible to allow PPP borrowers more time to use loans Reuters U.S. President Donald Trump said on Monday extending the amount of time borrowers in the Paycheck Protection Program have to spend their funds to 24 weeks from the current eight weeks “should be easy.” Trump made the comment at a White House roundtable event with restaurant executives, who urged the extension. Restaurants have been particularly hard hit by social distancing orders to combat the coronavirus pandemic, forcing many establishments to close or offer only takeout or delivery. READ MORE

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