ICYMI: Alt lenders may be able to help SMBs access capital from the stimulus package faster
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Stay up-to-date with our latest coverage on the impacts of coronavirus on technology, marketing, and the digital economy here. The scheme allows small businesses to apply for loan forgiveness and waives personal guarantee requirements. Businesses will be able to apply for a loan as high as 2.5 times their payroll, or up to $10 million — whichever one is lower. Additionally, they'll be able to apply for forgiveness of the loan, or at least part of it, depending on how much of it they used during the eight weeks following the loan approval.
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U.S. airlines apply for U.S. payroll help but terms still unclearMajor U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn resulting from the coronavirus outbreak, but while talks over the terms were expected to continue in coming days some warned the funds would not be enough to help them through their toughest crisis ever.
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Russian ventilators shipped to U.S. made by firm under U.S. sanctions: RBCVentilators delivered by Russia to the United States to help treat patients of the new coronavirus were manufactured by a Russian company that is under U.S. sanctions, Russia's RBC business daily reported on Friday.
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U.S. paying Russia for entire planeload of coronavirus equipment sent by Moscow: U.S. officialThe United States is paying Russia for a planeload of medical equipment sent by Moscow to help fight the coronavirus outbreak, a senior Trump administration official said on Thursday, clearing up confusion as to who footed the bill.
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Russian ventilators sent to U.S. made by firm under U.S. sanctions: Russia newspaperVentilators delivered by Russia to the United States for coronavirus patients were manufactured by a Russian company that is under U.S. sanctions, Russia's RBC business daily reported on Friday.
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Why sweetened layoff benefits may be at odds with U.S. loan programThe generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.
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Cleanup of US nuclear waste takes back seat as virus spreadsThe U.S. government’s efforts to clean up Cold War-era waste from nuclear research and bomb making at federal sites around the country has lumbered along for decades, often at a pace that watchdogs and other critics say threatens public health and the environment. Now, fallout from the global coronavirus
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