The good news is that Congress is poised to approve another federal stimulus package to help small businesses impacted by the novel coronavirus outbreak.
The proposal includes a $320 billion extension of the paycheck protection program, or PPP, in which businesses with 500 or fewer employees can obtain loans from banks, mostly so they can meet payroll for eight weeks.
If businesses retain employees and meet other requirements, the loans will be forgiven and ultimately paid by taxpayers. As many.