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Coronavirus cash: Here’s what small businesses need to know about money from CARES stimulus

Congress is sending $350 billion in small-business aid through banks. The idea, says the head of Philly's biggest bank, is to convince small business owners to avoid layoffs and keep investing until the lockdowns are over.

Rodger Levenson, boss at WSFS, the largest bank still based in the Philadelphia area, is one of the lenders fielding a surge of interest from small and midsized employers hoping for 'forgiveable' Payroll Protection Program (PPP) loans to under the federal CARES Act
Rodger Levenson, boss at WSFS, the largest bank still based in the Philadelphia area, is one of the lenders fielding a surge of interest from small and midsized employers hoping for 'forgiveable' Payroll Protection Program (PPP) loans to under the federal CARES ActRead moreMarla Aufmuth / Getty Images for Pennsylvania Co