Biden administration officials said that for two weeks starting on Wednesday, the Small Business Administration will only accept applications for forgivable Paycheck Protection Program loans from firms with fewer than 20 employees to ensure that they are not crowded out by larger firms.Leah Millis | Reuters
The changes, to be formally announced by Biden on Monday, come as small business bankers say demand for Paycheck Protection loans is slowing as firms reopen. But Biden administration officials said there are still many minority and very small firms in low-income areas that have not been able to receive aid.
That's illegal!! Where's my civil rights attorney
Ironically black businesses were allowed to apply first as well before all others in this round. Why do these businesses now get addional time that others do not? Just more virtue signaling from the White House and Dems.
ncanarchist This is where we're going to see some 'payback'....a major portion of Trump supporters are petty bourgeoisie, in a low competition environment. Empowering POC to compete will erode their excess profits.....perhaps to the point of destruction if clownish incompetents.
tedcruz just tweaked rules to give $35 million in federal bailout money to Wilks Brothers fracking empire to subsidize purchases of competitors. Me, the small disabled businessman, not a penny. They gave him $15 million in 2016. The system is rigged.
Ya. Add more red tape on it, I’m sure that’ll work. Morons.
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