What small businesses need to know about the government's new forgivable loan program

What small businesses need to know about the government's new forgivable loan program

Small business owners have been told today is the day they can apply for a new, forgivable loan to help keep their businesses afloat during the coronavirus crisis.

Nearly $350 billion has been allocated for that purpose in the new economic aid package signed into law last week.

But most lenders may not be able to start processing loans today because it was just Thursday evening that the Treasury and Small Business Administration put out some of the critical guidance lenders need.

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