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Pandemic Loans Are Coming Due but Some Businesses Aren’t Ready to Repay
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wsj.comMany small businesses that received federal pandemic aid are now on the hook for repayments, and some say the timing couldn’t be worse.
WrightIMC, based in Allen, Texas, borrowed $150,000 from the Small Business Administration’s Covid-disaster loan program two years ago. The 20-person digital marketing agency made its first $1,600 loan payment this month, just as ad sales are softening.
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