President Biden Announces Changes To PPP Loans

Listen to Geraldo In Cleveland, Weekdays 9-10 am on Newsradio WTAM 1100, also available on 106.9 FM and the Free iheartradio app.

President Biden announced several changes to the Paycheck Protection Program in an effort to reach minority-owned and very small businesses that may have missed out on accessing loans to help them through coronavirus pandemic.

Starting Wednesday, small businesses with fewer than 20 employees will have a two-week exclusive window to apply for the funding. Bigger businesses will be blocked during that time period.

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