Latest money for small business loans may not last the week, N.J. banking group member says

The first wave of loans given to small businesses through the paycheck protection programlasted less than two weeks before the allocated $349 billion ran out.President Donald Trump on Friday signed a second bill expanding the programby another $310 billion. The legislation included a $60 billion emergency loan and grant program for small businesses impacted by the coronavirus pandemic.The window for lenders to apply for loansreopened Monday morning, the Small Business Administration said, with applications already in the queue from the first round getting processed first.Michael Affuso, execut…

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HEDGE accordingly