U.S. — The Coronavirus Relief Package is helping small business to keep their workers on the job.
Applications for the new $349 billion dollar "Paycheck Protection Program" start Friday, April 3rd.
Who can apply:
- Small businesses with 500 or fewer employees can apply.
- Non-profits and veteran organizations are eligible.
- Independent contractors and people who are self-emplyed can apply starting April 10th.
Loans can be up to 2 1/2 times your average monthly payroll costs, but no more than $10 million. These loans will be forgiven if businesses use the money a certain way.
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