Unfortunately the bill, to help business with fewer than 501 employees, couldn't gain enough Democratic support.
Hopefully is will pass soon so small businesses can get help
Quote:
Sen. Marco Rubio (R-Fla.), who chairs the Senate Small Business Committee, said there is a “very strong general agreement” that small businesses will be able to obtain loans up to 250 percent of their one-month payroll. That money, as long as it is used for businesses expenses such as paying workers or providing their benefits, or to cover rent, will be entirely forgiven, Rubio said.
“This is money that needs to get into these hands very quickly before these doors continue to close and people keep getting laid off every day,” Rubio said
https://www.washingtonpost.com/us-po...-capitol-hill/
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