The Paycheck Protection Program (PPP) Flexibility Act, signed into law in early June, gave businesses more time and better options for spending billions of dollars in federal relief. Many business owners now will have 24 weeks to spend their stimulus money--three times longer than the original eight-week window.
Read MoreThe second round of the PPP opened for loan applications on April 27. But this time, new measures the Treasury Dept. is taking steps that aim to get more of the money to truly small businesses.
It was a big critique of the first round of Paycheck Protection Program funding. That proverbial well ran dry quickly and soon after, we learned companies like Shake Shack and even the Los Angeles Lakers received big sums of PPP funding.
Read More