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Paycheck Protection Falters

Financial relief for small businesses hit a snag as banks were not yet ready to accept applications for the Paycheck Protection Program, reports Yahoo Finance.

The Trump administration’s emergency $349 billion Paycheck Protection Program to help small businesses cover their payroll costs was set to roll out on Friday April 3, with banks accepting applications from businesses slammed by coronavirus. (Applicants must have fewer than 500 employees.)

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