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5 Small Business Loans That Have Launched in Coronavirus Relief Effort

Due to the coronavirus pandemic, many small businesses are forced to close their doors, struggle with payroll, and lose out on income as many would-be patrons are quarantined. To combat financial struggles many organizations have stepped up to the plate and are providing loans to small businesses to keep them afloat for the duration of the COVID-19 outbreak. Here is a list of loans offered to small businesses that are in coronavirus distress. Invest Atlanta Business Continuity Loan Fund Invest Atlanta has established a business continuity fund of $1.5 million to offer small businesses in Atlanta zero-interest loans. The fund was issued to the organization by the city’s mayor, Keisha Lance Bottoms and the City Council. Loans range from $5,000 to $30,000 per applicant. Michigan Strategic Fund The organization has voted and approved a $20 million economic relief fund for small businesses in Michigan who are struggling to make payroll and cover their company’s bills. According to...

Mar 21, 2020