Forgivable Loan Apps Start Today And Will Be Big For Startups Facing COVID-19 Disruptions

Friday, April 3, 2020

David Barron was quoted in Crunchbase discussing the COVID-19 stimulus bill for small businesses in the United States. Companies can also reach out to banks, including lenders who already process SBA loans as well as other institutions opting into the program. The money is intended to provide eight weeks of cash-flow assistance to small business employers who maintain their payroll during the pandemic. “The idea is to be able to start giving out those loans pretty quickly to small businesses,” said David. He expects startups will be flocking to apply over the next week.

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