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White House Adjusts Rules to Encourage More Loans for Tiny Businesses: Live Updates



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Here’s what you need to know: Downtown Nashville last week. Changes to the Paycheck Protection Program would attempt to steer more pandemic loans to the smallest businesses.Credit…Brett Carlsen/Getty ImagesAiming to steer more federal aid to the smallest and most vulnerable businesses, the Biden administration is altering the Paycheck Protection Program’s rules, increasing the amount sole proprietors are eligible to receive and imposing a 14-day freeze on loans to companies with 20 or more employees.The freeze will take effect on Wednesday, the Small Business Administration planned to announce on Monday.In December’s economic relief package, …

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