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Small business owners missed out on thousands of dollars in loans when PPP funding ran out early

Small business owners missed out on thousands of dollars in loans when PPP funding ran out early CNBC 2 hrs ago Carmen Reinicke © Provided by CNBC Masked visitors view art at El Museo del Barrio s Estamos Bien exhibit. The museo has reopened but at limited capacity. When the Paycheck Protection Program ran out of funding the first week of May – weeks ahead of its May 31 deadline – it was a huge surprise to the staff of El Museo del Barrio in New York. The Latino cultural institution in upper Manhattan was counting on a second-draw loan from the program to recover from the serious impact of the pandemic, which closed the museum for months and meant it had to cancel two major fundraising galas.

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