Mnuchin Says U.S. Should Weigh Forgiving ‘Small’ PPP Loans
- Some businesses complain application process long, complicated
- Mnuchin says more targeted help for small businesses is needed
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The federal government should weigh forgiving all “small” loans provided under the Paycheck Protection Program during the coronavirus pandemic, U.S. Treasury Secretary Steven Mnuchin said.
“We should consider forgiving all small loans, but would need fraud protection,” Mnuchin told the House Small Business Committee on Friday.