$349B In Coronavirus Stimulus Loans For Small Businesses Could Run Out Fast
Today is the first day that struggling small business owners can apply for help from the Paycheck Protection Program, which is part of the massive stimulus package passed by Congress last week. The program set aside $349 billion in loans to businesses affected by coronavirus.
While $349 billion sounds like a lot, many people are worried the money will be gone within days, or even hours.
Leon Blankstein, who heads the American Business Bank in downtown L.A., said it's a race to get loan applications in before the money runs out.
READ THE FULL STORY: