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Small Business Administration To Provide Recovery Loans to Small Businesses

To minimize economic disruption to the millions of small businesses during the COVID-19 outbreak, the U.S. Small Business Administration will be administering low-interest federal disaster loans for working capital to small businesses suffering a substantial financial loss at this time. The SBA announced the loans would help overcome the temporary loss of revenue and can be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact. For more information, you can review the press release or visit the SBA website.

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