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'We're All Writing A New Playbook Now': Small Business Loan Program Presents Challenges

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Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. (Mark Lennihan/AP)
Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. (Mark Lennihan/AP)

Congress could be nearing a deal on a second round of funding for the Small Business Administration program formed in light of the coronavirus. Many small businesses are still hoping to get a loan from the federal paycheck protection program to stay afloat during stay-at-home orders. The $349 billion dollar program ran out of money last week.

To hear more about how one financial institution has been handling this, Here & Now's Jeremy Hobson speaks with Gene Pelham, president and CEO of Rogue Credit Union in Medford, Oregon.

This segment aired on April 20, 2020.

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