PPP Loan Window Is Closing, With $134 Billion Still on Offer – USA DAILY NEWS

PPP Loan Window Is Closing, With $134 Billion Still on Offer

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WASHINGTON—When the Trump administration first launched its $670 billion pandemic relief program for small businesses, a mad dash to secure forgivable loans had many business owners worried there wouldn’t be enough money to go around.

Three months later the application window for Paycheck Protection Program loans closes Tuesday with about $134 billion in funds available as of Monday evening. That surplus has triggered a new debate over what to do with the remaining funds, as fears mount that the economic fallout from the Covid-19…