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Paycheck Protection Program stops issuing new loans - CNN Video

June 29, 2020. Summarized by summa-bot.

A general view of the White House in Washington, D.C., on April 27, 2020 amid the Coronavirus pandemic. Today, known deaths from COVID-19 surpassed 200,000 globally, while across America some states have begun reopening their economies as the total number of confirmed American cases nears 1 million. (Graeme Sloan/Sipa USA)(Sipa via AP Images)

The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans after Tuesday. CNN's Phil Mattingly tells us more.

The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans.

CNN's Phil Mattingly looks at how one small business is trying to cope.

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