Senate passes bill giving business more leeway with PPP funds

362455534 2_i.jpg — Businesses across the country closed during the coronavirus pandemic and relied on federal relief dollars to stay afloat. (Terra Fondriest\/Bloomberg)

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By:

ERIK WASSON, LAURA LITVAN and MARK NIQUETTE

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By:

Bloomberg

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June 04, 2020 12:44 AM

The Senate cleared changes to the popular Paycheck Protection Program on Wednesday that will allow small businesses more flexibility in using the rescue loan funds. The bill, which passed the House last week on a 471-1 vote, now heads to President Donald Trump's desk for his signature.

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