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Rural Small Businesses Left Out of Proposed Pandemic Relief -- Again
Stateline: Advocates say rural small businesses such as hair salons, restaurants and retail establishments were excluded from U.S. House Democrats’ $2.2 trillion relief package that the chamber approved last night.
Earlier this year, the $2 trillion CARES Act paid for a Small Business Administration (SBA) program to allow banks to waive six months of principal, interest and any associated fees for small businesses with existing loans. But similar relief was not extended to borrowers with loans through Rural Development programs under the U.S. Department of Agriculture.
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