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Student Loan Borrowers Miss Out on COVID-19 Small Business Help

February 11, 2021


Those who own small businesses and are behind on repaying their student loans are facing another problem, according to a new study.

About 800,000 small business owners may be ineligible to receive help from the Paycheck Protection Program, which was created in last year’s federal coronavirus relief packages. Those who have defaulted or are delinquent in repaying federal loans are ineligible for the loans to help small businesses survive the economic downturn during the pandemic, the Center for Responsible Lending found.

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