Several small businesses will get more time to apply for Paycheck Protection Program loans after a Maryland district court partially granted a preliminary injunction against the Small Business Administration.
The businesses were originally restricted from applying for government-backed, forgivable PPP loans due to an SBA policy on loan applicants with criminal records. The SBA reined in those restrictions last week but the U.S. District Court for the District of Maryland recognized the trouble the business owners were still facing ahead of Tuesday’s deadline to apply for a loan.