WASHINGTON—The Paycheck Protection Program (PPP) that ran out of money last week will get more than $300 billion in additional funds, giving hope to many mom-and-pop business owners who applied for the loans but came back empty-handed.
The House on April 23 approved a $484 billion CCP virus relief package that includes an additional $310 billion for the PPP loans. The bill that passed Senate earlier will now head to the White House.