WASHINGTON—The long-awaited nearly $900 billion U.S. pandemic aid package will help banks by boosting borrowers’ finances, easing a key small-business lending program’s rules and by granting accounting relief on deferred loan payments, lobbyists and analysts said.
After months of partisan wrangling, the U.S. Congress over the weekend struck a deal on another pandemic aid package, including one-time $600 checks for most Americans, extended unemployment benefits of $300 per week, and $284 billion more for the small business Paycheck Protection Program, or PPP.
