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PPP Liquidity Facility Details Released
On April 9, 2020, the U.S. Department of the Treasury released details of several new or expanded lending programs to provide relief for businesses and governments affected by COVID-19. One of these programs, the Paycheck Protection Program (PPP) Liquidity Facility, is a $350 billion facility to provide additional liquidity and cash flow to U.S. Small Business Administration PPP lenders. This article looks at additional program details that were released on April 20, 2020.