investing.com 11 Jan, 2021 11:30 am

U.S. small businesses to get more cash as pandemic loan program re-opens By Reuters

U.S. small businesses to get more cash as pandemic loan program re-opens

Businesses in Hong Kong want law and order: Commerce Secretary p By Anne Marie Roantree HONG KONG (Reuters) - International businesses in Hong Kong see law and order as key for investing, a city government official said on Monday, in response to.government on Monday was set to re-open its signature small business pandemic aid program with $284 billion in new funds and revamped rules that aim to get cash to the most needy businesses while stamping out fraud and abuse.Congress authorized the new funds last month as part of another pandemic stimulus package which also loosened PPP rules on who can get cash and what it can be spent on.Among the key changes, companies which took cash during the first two rounds will be allowed a second PPP loan provided they can show a 25% hit to their revenues.

"It's all great but it's really complicated," said Dan O'Malley, CEO of Numerated which provides PPP loan processing software.Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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