BREAKING NEWS

US approves $168 billion of small business loans under coronavirus plan

By REUTERS

APRIL 12, 2020 17:15

The United States has approved 661,000 loans to small businesses totaling $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. ...$168 billion have been approved by this government," Kudlow said in an interview with Fox Business Network.

A $2.3 trillion economic stimulus enacted last month allocated $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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