More than $6 billion of remaining Paycheck Protection Program funds will be reserved for Community Development Financial Institutions to lend to a broader demographic of small business owners, federal officials announced on Thursday.

Business partnerships could be eligible for additional funds via the Paycheck Protection Program if they didn’t include the self-employment income of partners in its initial application, according to a guidance update from the Small Business Administration.

The long-awaited form Paycheck Protection Program borrowers need to be forgiven for their loan has been released by the Small Business Administration to “reduce compliance burdens and simplify the process for borrowers.”

“We have not seen numbers like this since the 1930s and it took three years to get there,” said Kamran Afshar, director of the Kamran Afshar Data Analytics Center at DeSales University in Upper Saucon Township, which produces the index. “It is a frightening situation to be in.

Businesses have until Monday to pay back a Paycheck Protection Program (PPP) loan of $2 million or more to avoid a federal investigation for potentially taking more public funds than they needed to keep the company afloat during the coronavirus pandemic, federal policymakers announced late Wednesday.

Recipients of a less than $2 million loan via the Paycheck Protection Program automatically meet financial qualifications to receive their loan based on economic need, the Small Business Administration said in a Wednesday guideline update.

Carlisle-based The Giant Company announced it will award $500,000 in grants to 110 small businesses across the state to support Pennsylvania’s food supply chain during the COVID-19 pandemic.

PNC Financial Services said it will divest its ownership of the New York-based asset manager, except for 500,000 BlackRock shares for a donation to the PNC Foundation by the end of the second quarter of 2020.

After suffering a $608.6 million net loss during the first quarter of 2020, Penn National Gaming assured investors Thursday that its digital platforming and omni-channel growth strategy will help the company rebound from the COVID-19-caused recession.

The Greater Lehigh Valley Chamber of Commerce and business leaders in the community raised and granted $353,000 to local small businesses struggling with COVID-19-related expenses.