To help tiny companies, the Biden administration adjusts the rules for pandemic loans. The White House is altering the Paycheck Protection Program’s rules, increasing the amount sole proprietors are eligible to receive and imposing a 14-day freeze on loans to companies with 20 or more employees. Biden tweaks PPP rules in attempt to reach smallest companies - The Boston GlobeAmong other changes to the loan program announced Monday, businesses with more than 20 employees will be shut out of the PPP program for a two-week period starting Wednesday. Biden to boost pandemic lending to smallest businessesPresident Joe Biden is targeting federal pandemic assistance to the nation’s smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program Biden is changing PPP rules. For 2 weeks, only businesses with fewer than 20 employees can claim pandemic relief loans.Biden's changes to the PPP loan rules are designed to ensure smaller companies aren't left behind financially, the White House said. Fraud Checks and Errors Slow Small-Business Relief LoansThe renewed Paycheck Protection Program has disbursed $134 billion this year, but many applicants have had to wait weeks for lenders to resolve problems. Watch live: President Biden discusses his plan to help small businesses.The White House is altering the Paycheck Protection Program’s rules, increasing the amount sole proprietors are eligible to receive and imposing a 14-day freeze on loans to companies with 20 or more employees. Biden to boost pandemic lending to smallest businesses - The Boston GlobePresident Biden is targeting federal pandemic assistance to the nation’s smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program. Biden tweaks PPP rules in attempt to reach smallest companiesBusinesses with more than 20 employees are to be shut out of the Paycheck Protection Program for two weeks.