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Banking institutions warn of brand new delays in United States small company bailout

Banking institutions warn of brand new delays in United States small company bailout

Smaller businesses within the US that took rescue loans through the government are dealing with possible delays to find down they still need more guidance on which loans can be written off if they will have the debt forgiven, after banks administering the programme said.

The snag that is new the rocky launch associated with the Paycheck Protection Program 2 months ago, and continuing confusion and debate over its terms. The programme has directed about $500bn to smaller businesses in the shape of loans that may be forgiven as lockdowns ease if they keep paying workers through the pandemic or quickly rehire them.Czytaj dalej »Banking institutions warn of brand new delays in United States small company bailout