The United States has approved 661,000 loans to small businesses totaling US$168 billion under a program to address the fallout from the novel ...
The United States has approved 661,000 loans to small businesses totaling US$168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.
FILE PHOTO: Larry Kudlow participates in coronavirus economic"relief update" virtual event at the White House in WashingtonWASHINGTON: The United States has approved 661,000 loans to small businesses totaling US$168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.
"We're now at 661,000 loans approved. ...US$168 billion have been approved by this government," Kudlow said in an interview with Fox Business Network.A US$2.3 trillion economic stimulus enacted last month allocated US$349 billion to loans to small businesses hurt by the crisis that can be turned into grants if they meet certain conditions.
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