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The government's key COVID-19 relief program for small businesses has run out of money.
As the U.S. economy undergoes an uneven recovery from the virus pandemic, many small business owners face a tough decision on whether and when to take on employees.
Many restaurants that got coronavirus relief loans have spent the money and now find themselves in the same precarious position as in the pandemic's early days.
The Treasury Department on Monday released the names of more than 650,000 companies that received funds from the government's small business lending program, a massive effort intended to support the economy as states shut down in April to contain the…
Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration.
The second round of loan applications for the government's program to aid small businesses hit by the coronavirus has been slowed by computer issues at the Small Business Administration.
The billions of dollars in coronavirus relief targeted at small businesses may not prevent some of them from ending up in bankruptcy court.
The Small Business Administration has reported it had a potential data breach last month in its website handling disaster loan applications.
Some big restaurant chains have obtained loans from the government under a small-business relief program, leading business groups to call for changes to the program before Congress provides it with new funding.
Money that was held up by technological and legal issues and the sheer volume of applications began arriving in companies' bank accounts at the end of last week. The Small Business Administration says more than 941,000 applications have been approved…
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