Denver, Colo., Apr 19, 2020 / 03:01 pm (CNA).- After receiving more than 1.6 million applications, a key part of the US government’s economic response to the coronavirus pandemic, known as the Paycheck Protection Program, ran out of money Thursday and will no longer be accepting new applications.
In the two weeks the Paycheck Protection Program was active, the application process for the loans excluded small business owners with criminal records from applying— potentially hurting both business owners with criminal records and their employees, advocates and those with personal experience told CNA.
What is the PPP?
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