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by Reelin
2275 days ago
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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. |
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https://www.sbia.org/resources-for-small-businesses-impacted...