America’s struggling small businesses will get a second check in 2021 after a chaotic first round of loans

America’s struggling small businesses will get a second check in 2021 after a chaotic first round of loans

The stimulus bill that President Donald Trump signed on Sunday includes $284 billion in new aid for small businesses, and key stakeholders hope the rollout of a “second draw” will be less chaotic than an initial round of loans granted under the Paycheck Protection Program (PPP) this spring.

Last time around, the PPP was a plane still being built even after it took off.

Businesses began applying for the forgivable loans on April 3 — just days after the initial stimulus bill was signed…


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