The Coronavirus Bailout Is Really Going to Screw Over Mom and Pop Businesses
"For many years, the Small Business Administration has offered loans to help businesses that suffered from natural disasters, like hurricanes or floods. These Economic Injury Disaster Loans can be worth up to $2 million each, have a low interest rate, and have maturities of up to 30 years, so the monthly payments can be pretty low. In normal times, they usually take about a month to get approved."
