President Biden is targeting federal COVID-19 pandemic assistance at the nation’s smallest businesses and taking steps to promote equity in what is known as the Paycheck Protection Program.
The administration is establishing a two-week window, starting Wednesday, in which only businesses with fewer than 20 employees — the overwhelming majority of small businesses — can apply for forgivable loans. Biden’s team is also carving out $1 billion to be directed at sole proprietorships, such…
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