NBC News

Even as a new round of billion-dollar relief hits Main Street this week, some small business owners fear the money still isn’t enough — and comes attached with so many strings that it won’t help their long-term survival.

The latest version of the Paycheck Protection Program is expected to provide another $310 billion to help limit the economic meltdown caused by the coronavirus pandemic.

But for these federally backed loans to be forgiven, recipients must within eight weeks spend 75 percent of funds on payroll to employees who were on the books as the pandemic broke out. The remaining money can be spent on rent, utilities, employee healthcare benefits and mortgage payments.

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