Lenders anticipate the program could restart as soon as next week. Last month’s stimulus package included $284 billion for new loans through the small-business relief program, which ended in August after distributing $523 billion to more than five million businesses. In this next round, the hardest-hit business — those whose sales have dropped at least 25 percent from before the pandemic — can qualify for a second loan. The Small Business Administration, which runs the program, plans to give small lenders a head start. For second loans of more than $150,000, applicants will need to provide their lender with records proving their sales have declined.

Source: International New York Times January 07, 2021 16:18 UTC