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Coronavirus Stimulus Plan Counts on Small Business Administration to Fund Recovery

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A proposal from the Senate majority leader calls for $300 billion in funding for small-business interruption loans

WASHINGTON—The Small Business Administration could see the footprint of its primary loan program vastly expanded under the sweeping stimulus package proposed by Senate Majority Leader Mitch McConnell in response to the coronavirus crisis.

The measure would provide a means to extend much-needed capital to small firms, which are hard hit from virus-related closures and drop-offs in business, but it could also test the agency’s ability to quickly scale up the program and forge additional relationships with the nation’s...

 

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such a good move, glad they did that

It’s a start.

SBA owners will get what is what the people need to know ? A proposal from Mitch McConnell and the Senate needs approval from Congress. PowerofthePurse NoPoltics TIME for policymakers and policy making to do what the people'(s) elected you for JCHFE31👀📆✔

Loans. Which means you pay back. Always tax payer problem.

isn't that just about the size of the bailout Moscow Mitch wants to give Boeing -- i mean, we can't let the management of Boeing suffer....so 300 billion for ALL of the peasants, hey....

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Small business owners go into survival mode as lawmakers debate economic reliefThe coronavirus pandemic is pummeling restaurants and bars — but many other small businesses, from beauty salons to day care centers, are also seeing dramatic falls in traffic as people hunker down. (1/5) NBCNewsThreads well ...... yeah, there's a highly contagious killer virus which causes one's lungs to stop processing oxygen into their bloodstreams causing them to drown in their own fluids, literally everywhere, so, yeah what else ya got for news round here Smaller businesses don't have the cash runways of big companies such as Amazon or Starbucks to help them weather the storm, says Karen Harned, executive director of the National Federation of Independent Business. (2/5) Uh .this is real
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