Senate to vote on adding $250B to Paycheck Protection Program

 

Tomorrow, U.S. senators will vote on whether or not to pump even more funds into the SBA. With unemployment claims hitting all-time highs, many government officials are keen on distributing financial aid to businesses hit by the coronavirus – predominantly through the new PPP loans introduced late last month. If passed through the Senate, the vote will then go to the House of Representatives the following day.

Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.

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