Friday, April 3, 2020

Take advantage of Govt Simulus

tell your friend and your audience who own small businesses to take advantage of the stimulus themselves.  Part of the Fed's $2 trillion fiscal stimulus allows small and medium business with 500 employees or less can request a loan of up to 2.5x the average monthly payroll (capped at $10 million), meant to buy cash-strapped companies just under 3 months in liquidity. The loans which are packaged under the SBA's Paycheck Protection Program carry a 1% interest rate, and would be forgiven if their proceeds are used toward operational uses such as payrolls, utilities, and rent.

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