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Small businesses have been hit hard throughout the pandemic, and President Joe Biden intends to provide relief through his stimulus proposal unveiled last Thursday. But questions remain on the timeline for businesses to recover and how effective Biden’s plan will be once implemented.

In the American Rescue Plan Biden unveiled last week, $15 billion in grants will be allocated to small businesses employers, along with $35 billion in low-interest loans. On top of this, the Small Business Administration’s Paycheck Protection Program will continue, which consists of $284 billion in loans to help businesses keep their details ⇒

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