working capital funds - Federal News Network

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Shown is a portion of a Small Business Administration Paycheck Protection Program Borrower Application Form, Tuesday, April 21, 2020 in Washington. The Paycheck Protection was supposed to be a lifeline for small businesses, helping them stay afloat and keep their employees on the payroll during the coronavirus pandemic. But guidelines from the Small Business Administration say that businesses are ineligible if someone who owns at least 20 percent of the company is incarcerated, under indictment, on probation or parole or had been convicted of a felony within the last five years. Ineligible would-be applicants and advocates say the restrictions are a slap in the face for those who have served their time, especially from an administration that has trumpeted second chances. (AP Photo/Wayne Partlow) — Virus_Outbreak_Felons_60598

Federal Newscast

SBA says goodbye to its largest program ever

In today's Federal Newscast, the Paycheck Protection Program, a feature of the 2020 legislation to help the country in the pandemic, has ended.

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