Small businesses are once again struggling to access pandemic aid
Thousands of hard-hit small businesses are having trouble accessing millions of dollars in COVID-19 relief aid from the state and federal governments, as they fight for survival while a second wave of virus infections continues to undermine the economy.
A $700 million-plus relief fund set up by Massachusetts officials initially rejected some 4,000 applications so far this year from small businesses because their paperwork was incomplete. Meanwhile, the current round of the federal Paycheck Protection Program is rejecting loan applications at a higher-than-normal rate, according to local bankers.
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