$284 billion available to help small businesses starting today

Starting this morning, businesses hit hard by the coronavirus pandemic can begin applying for another round of financial help.
The next Paycheck Protection Program starts taking applications today.
A total of $284 billion is being allocated to help struggling businesses.
Businesses entering the program for the first time can have no more than 500 employees, and the limit for second-time borrowers is 300 workers.
Economists say the second PPP will once again give the economy a much needed lifeline. “It will mean fewer people applying for unemployment insurance and more people staying on the job,” says economic analyst Martin Cantor.
There will also be a special focus on low-income and minority-owned businesses. The maximum amount that can be borrowed this time will be $2 million.
The deadline to apply is March 31.