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by runarberg 2275 days ago
I don’t know how this works in the US, but in Iceland they are offering loans with 50% backing from the state. Meaning that if they fail to pay back the state will pay 50%. This is effectively a grant in all but name since the company has no intensive to pay, but full incentive to have have the state pay.
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In the US, small businesses (<= 500 employees) can get loans (among other things). Any portion of it can be forgiven, depending on how the funds are used.

https://www.npr.org/2020/03/26/821457551/whats-inside-the-se...

> Forgivable loans: There is $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.

I found this which has the full text of the bill and a summary.

https://www.sbia.org/resources-for-small-businesses-impacted...