PPP loans covered less than a month of small biz expenses

As a fresh round of federal relief loans is getting distributed to U.S. small firms hit by a pandemic crisis that will soon stretch to a year, new research shows that last year’s tranches of the Paycheck Protection Program covered less than a month of business expenses.

Original Article Posted at : https://www.accountingtoday.com/articles/ppp-loans-covered-less-than-a-month-of-u-s-small-biz-expenses