Laura Wood Habr News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By KIMBERLY PIERCEALL | The Virginian-Pilot | Published: January 18, 2021 NORFOLK, Va. (Tribune News Service) Business owners are getting another crack at $284 billion worth of potentially forgivable loans through the government’s revamped Paycheck Protection Program, aimed at keeping companies alive and employees on payrolls during the coronavirus pandemic. Business owners who got a loan last year and used those funds can get a second loan. This time, the loans cover more business expenses, are open to a wider range of businesses (including destination marketing groups, newsgathering operations and 501(c)(6) organizations like chambers of commerce) and come with the assurance that approved expenses paid for by the loan will be tax-deductible a quirk fixed last year.

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