The Treasury Department issued new guidance aimed at expanding access to the emergency small-business lending program, but some in Silicon Valley say it falls short of ensuring startups will be able to get aid. Federal regulations can make it harder for companies with private-equity or venture-capital backers to qualify as small businesses because they can consider all firms controlled by a single investor as one entity under so-called affiliation rules.

Source: Wall Street Journal April 04, 2020 15:49 UTC