Treasury secretary says he’ll work to extend loan period for PPP

Treasury Secretary Steve Mnuchin said on Monday that the administration is working on expanding the loan period for the Paycheck Protection Program (PPP) to give small businesses more time to spend funds.Restaurant industry leaders asked Mnuchin and President Trump in a meeting at the White House on Monday to expand the loan period, which is currently eight weeks, to 24 weeks. Mnuchin said he’s working on a “technical fix” but didn’t commit to…