New Rules Allow More Gaming Companies To Get SBA Loans
The Treasury Department has changed Small Business Administration rules to allow more businesses involved in gaming to qualify for Paycheck Protection Program loans, the Las Vegas Review-Journal reports.
The new rule would allow small businesses that earn less than half their revenue from gaming to qualify for the loans.
Previously, they had to earn less than a third of revenue from gaming. The loans allow businesses that would otherwise have to furlough or fire employees to keep paying them for eight weeks, and in the end, the loan would be forgiven.