The Coronavirus Small Company Loan Program: What You Should Understand

The Coronavirus Small Company Loan Program: What You Should Understand

David Bramante, who owns western Newton Theatre in Newton, Mass., appears within the doorway for the movie movie theater noting its closing. Suzanne Kreiter/Boston Globe via Getty Images hide caption

David Bramante, who owns western Newton Theatre in Newton, Mass., appears into the doorway of this movie theater noting its closing.

Suzanne Kreiter/Boston World via Getty Images

Beginning today, small enterprises can use for the almost $350 billion in loans available through the financial rescue plan from Congress.

The loan system, referred to as Paycheck Protection Program, is supposed to aid organizations to enable them to ride out of the tough financial times and, first and foremost, help with either maintaining present employees or rehire those who had been let go. Continue reading “The Coronavirus Small Company Loan Program: What You Should Understand”