2024 Author: Steven Freeman | [email protected]. Last modified: 2023-08-25 10:13
With the coronavirus pandemic on the rise, President Donald Trump and Congress are negotiating measures to alleviate the serious economic impact of the coronavirus crisis, which has led to the complete or partial paralysis of large sectors of the economy.
Negotiations in the Senator on a package of aid that the money serves to prevent layoffs or that is not used to simply enrich their accounts. They also believe that there is insufficient transparency and gives too much power to the administration to decide who receives the aid.
What will happen to small business and business loans?
$ 350 billion in forgivable loans would be provided to companies with fewer than 500 employees, never exceeding the $ 10 million maximum per company. The condition for not having to repay the loans is that it serves to pay wages and avoid layoffs.
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