Enterprise homeowners have been eagerly anticipating a $349 billion mortgage program meant to cushion the financial blow of the coronavirus pandemic.

Some must wait slightly longer.

The Paycheck Safety Program, which formally opened for debtors Friday morning, offers as much as $10 million in forgivable loans to small companies with 500 or fewer workers.

It is without doubt one of the core provisions of the $2 trillion federal financial stimulus laws signed into regulation final Friday, often called the CARES Act, which additionally supplied expanded unemployment advantages and direct funds to tens of millions of American households.  

The mortgage program, meant to fund sure enterprise bills, equivalent to payroll, hire and utilities, opened April three for functions from small companies and sole proprietors.

Nonetheless, unbiased contractors and self-employed people should wait an extra week to use. They'll submit functions beginning April 10, based on Treasury Division steering launched Thursday...