NEW YORK – The flow of money to small businesses under the government's $349 billion coronavirus relief plan is picking up momentum although many company owners are still waiting and wondering.
Money that was held up by technological and legal issues and the sheer volume of applications began arriving in companies' bank accounts at the end of last week.
The Small Business Administration reported Monday that more than 959,000 applications had been approved for over $232 billion from the Paycheck Protection loan program.
The money Amy Power received Friday evening will go toward paying the eight staffers of her Dallas-based public relations company.