The Small Business Administration released the application for the "Payment Protection Program" to help small businesses ensure they are able to continue to pay their employees with the continuing impacts from COVID-19. The SBA was approved for "$349 Billion," and the loans are all first come, first serve. With the clear intention to allow for small business owners to keep their doors open, the loan has pretty flexible conditions. It is an unsecured loan, meaning there is no collateral. This will allow for more financial assistance to those who really need it.
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