Lenders are still waiting on final rules from the U.S. government to help get its $350 billion rescue lending programs off the ground on Friday to shore up small businesses battered by the coronavirus pandemic.
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Small business owners can apply for loans from $349 billion Payroll Protection Program starting FridaySmall business owners will be able to apply for loans to weather the economic downturn set off by Covid-19 on a first-come, first-serve basis beginning Friday as part of the newly passed stimulus package
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Georgia governor announces state-wide shelter-in-place to go into effect FridayThe novel coronavirus pandemic continues to impact countries worldwide, particularly in Europe and the US. Follow here for live updates.
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Florida stay-at-home order goes into effect on FridayThe novel coronavirus pandemic continues to impact countries worldwide, particularly in Europe and the US. Follow here for live updates.
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U.S. small business bailout starts Friday. Is the government ready?Chris Hurn, founder of Fountainhead Commercial Capital, has received 7,400 small business loan requests in the past two weeks, more than his business has handled in its five years of existence.
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Citigroup CEO Michael Corbat says bank is 'working around the clock' on small business relief programLenders, who are being paid fees to administer the program on behalf of the Small Business Association, will face pressure to execute the program smoothly.
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