Apr 5, 2020

Coronavirus impact spurs low-interest small business loans

The Small Business Administration is offering low-interest loans due to the damaging effects of the coronavirus.

After the passage by the House and Senate of the CARES Act, an additional $10 billion has been added to Small Business Association’s (SBA’s) Economic Injury Disaster Loan program and $350 billion has been allocated to SBA’s new Paycheck Protection Program.

Final details from Treasury: https://hubs.ly/H0p9kQj0