Second-round PPP gave small businesses something new: a financial cushion

At the Mary Mitchell Family Youth Center in the Bronx, the executive director can now run her summer camp. Red Rabbit, a food vendor in Manhattan for schools, has stronger-than-ever relationships with its customers. The owner of Cataldo’s, an Italian restaurant in Prospect Heights, Brooklyn, is repaying her back rent and an emergency loan, so she can go back to serving pasta debt-free.

Two weeks after the federal Paycheck Protection Program ended, some of the city’s small businesses are finding themselves in a new-to-them position: with cash in hand.

The first round of the program boxed out many small businesses because funds ran out before they could access the

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