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The PPP loan program is out of money. What’s next?

April 17, 2020

Since the Small Business Administration has indicated that the $349B Paycheck Protection Program which began accepting applications on April 3 has hit is funding limit and is on hold. The question now is if additional funds will be added to the program. Chris Kane, a partner at Adams and Reese, who participated in a Greater New Orleans, Inc. video conference said “We expect this program to be refunded. We feel fairly comfortable this is going to happen.”

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