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House passes bill loosening rules on PPP small-business loans

from Wall Street Journal

House passes bill loosening rules on PPP small-business loans Wall Street Journal The House approved a bipartisan bill that would loosen requirements on hundreds of billions of dollars in small-business loans, responding to concerns from employers struggling to stay open during the coronavirus pandemic. The House bill reduces the level of Paycheck Protection Program funds that must be used for payroll to 60% from 75%. READ MORE

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