First Wave of Stimulus Bill Towards Small Businesses

The SBA announced it’s making $255 million available in interest-free emergency loans to small businesses.

I expect we’ll see more of this sort of thing.

These loans only apply if you already have bank-issued business loans, but the cool thing is that for the first time, the SBA will guarantee the loans, making them risk-free for the banks.

The SBA has but 15 days to work out the details.

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