Small Businesses To Get Federal Financial Aid
Millions of small business owners will be turning to the government, seeking help for the economic devastation caused by the coronavirus outbreak.
The government plans to begin disbursing loan money to companies and freelancers Friday under the Paycheck Protection Program, part of the $2 trillion relief package signed into law last week.
For many companies, it may be the quickest way to rebuild the cash flow that enables a company to pay its bills. But whether they’re restaurants, retailers or architects, companies are also seeking money from a variety of other sources: government disaster aid, unemployment benefits, even concessions from landlords and vendors.
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