04-06-2020 02:53 via sltrib.com

Senate extends program to help small businesses after Utah’s Sen. Mike Lee won changes

Washington • The Senate on Wednesday passed legislation to expand the time small businesses and nonprofits have to spend money under a program aimed at helping them stay afloat during the coronavirus outbreak.The passage came after Sen. Mike Lee, R-Utah, won assurances that the extension only applies to money received and not additional time to apply for a Paycheck Protection Program loan, which can be essentially forgiven by lenders if the employer keeps its staff on payroll during the cri
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