Who Is Eligible For Small Business Loans In The Economic Stimulus Package?
27 Mar 2020
President Trump signed the third and final economic stimulus package into law this afternoon. The law provides clear guidelines on what small businesses are eligible, and what their loans will look like. Here are the details.
The total amount of money going in the fund is $349 billion. The loans are federally-guaranteed (meaning there is no interest on the loan), and tax-free. All loan payments are deferred for one year.
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