The United States Congress has passed measures in response to the COVID-19 pandemic designed to help small businesses.
The SBA 7(a) Paycheck Protection Program Loan, as it's known formally, offers small business owners funding up to $10 million. If the funds are used to cover payroll, taxes, mortgage interest, and lease payments, the entire loan amount can be forgiven on June 30, 2020. Completing an application is the best way to ensure your business can get funding soon and cover up to eight weeks of expenses.
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