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Tag: Paycheck Protection Program Flexibility Act
“We’ll see how it plays out,” says Connecticut Restaurant Association Executive Director Scott Dolch.
Among lenders, JPMorgan Chase & Co. accounted for the largest number of jobs supported – over 1.6 million – followed by Bank of America Corp. (nearly 1.47 million) and Zions Bank (about 1.05 billion).
The act extends the PPP program from June 30 to Dec, 31 and extends loan terms from two to five years.