Who Is Eligible For Small Business Loans In The Economic Stimulus Package?
16 Apr 2020
President Trump signed the third and final economic stimulus package into law. The law provides clear guidelines on what small businesses are eligible, and what their loans will look like. Here are the details.
The total amount of money going in the fund is $349 billion. The loans are federally-guaranteed (meaning there is no interest on the loan), and tax-free. All loan payments are deferred for one year.
More Topics
The Armand Bayou Nature Center is one of Pasadena’s hidden treasures. The 2,500-acre nature preserve is the largest urban wilderness preserve in the United States and home to more than 370 unique species of wildlife. You are guaranteed to see something different every time you visit.
Though the Center...
As an economic development organization, we are here to support businesses and they work to deal with closures and the financial ramifications of them. With the federal stimulus bill being passed there are loan programs immediately available to help businesses with operating capital, and to keep people on the payroll...
.png)
In Pasadena, Texas, you truly can have it all – big city amenities with a hometown feel. Typically, in order to find a close-knit community, you have to live away from large metros like Houston, Chicago and D.C.. That’s what makes Pasadena so unique. We are physically adjacent to Houston,...
