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How the New Paycheck Protection Loans Are Different Than Traditional 7(a) SBA Loans

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President Trump on March 27 signed a $2 trillion coronavirus stimulus package and with it unleashed a $350 billion paycheck protection program (PPP) aimed at helping U.S. small businesses, which have faced devastating losses in the wake of the coronavirus pandemic.

While this specific law, dubbed the CARES Act, calls on the Small Business Administration to back ever more loans through its........

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