LAWMAKERS HAVE APPROVED more than $480 billion to revive a government loan program that ran out of money amid crushing demand from small businesses struggling with coronavirus lockdowns.
The new round of funding includes $310 billion for the Small Business Administration's Paycheck Protection Program, with $60 billion set aside for small lenders and community financial institutions. A separate Economic Injury Disaster Loan program, which offers emergency grants of up to $10,000 for businesses, gets an infusion of $60 billion.
