Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020.
Kevin Dietsch | Bloomberg | Getty Images
Small businesses are clamoring for funds from a new forgivable loan program to combat the economic toll of the coronavirus pandemic.
But some business owners, particularly those with high rents and low labor costs, may not benefit from the program as much as they think.
The Paycheck Protection Program earmarks up to $349 billion in low-interest loans for businesses with 500 or fewer employees.
The program, one