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SBA loan update

News came out of Washington, D.C. that an additional round of funding has been allocated for Paycheck Protection Program (PPP) loans.

The law, signed by President Trump, authorizes an additional $310 billion to the Paycheck Protection Program, $50 billion to the Economic Injury Disaster Loan (EIDL) program and $10 billion for EIDL grants.

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SOURCE Paychex

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