The federal government is releasing a second round of Paycheck Protection Loans, and the rules are a bit different this time around. Get the facts, processes, and application information here.
On Wednesday night, the U.S. Senate passed the House version of new Paycheck Protection Program legislation, thus lengthening the time for loan recipients to spend the funds and still qualify for forgiveness of the loans.
This week's 4-minute, auto industry news report features an update on efforts by Congress to provide small business owners like body shop operators additional financial aid during the COVID-19 pandemic.
Anna Zeck of FenderBender breaks down the differences between coronavirus-related business lending options like the Paycheck Protection Program, Economic Injury Disaster Loan Assistance and the Main Street Lending Program.
With the Paycheck Protection Program's funds depleted in just 14 days, administrators are asking Congress to allocate more money toward business relief.
