Small businesses wait as Paycheck Protection Program runs out of money

Small businesses have taken a big hit as a result of the ongoing COVID-19 pandemic, and on Thursday, a program that is set to provide them with emergency loans has also run out of money.

Small business loan program runs out of money, no longer accepting applications

A popular small business relief program ran out of funds on Thursday morning, as billions of dollars in additional coronavirus aid remain stuck in congressional limbo.