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

by No comment(s) ,
1803
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.

READ MORE
The Green Business Report
About the
Eugene Green is a native of New Orleans. He is a 1976 graduate of St Augustine High School, where he graduated Salutatorian, served as the elected President of the Student Body and served for four years in the renowned Marching 100 and Concert Bands. Green graduated from Harvard University in 1980, where he earned a Bachelor of Arts Degree in Economics. Green served as the Manager of the Catering Division for Harvard Student Agencies, then and now the largest student-run corporation in the nation. He served as the elected President of the Harvard Black Students Association, and for his work, he earned the Frederick Douglas Award, as voted by his fellow students. Green also earned a Masters Degree in Business Administration (MBA) from Tulane University.