Silicon Valley startups may get to tap into the $350 billion coronavirus small-business loan program after all, thanks to late rule changes by regulators
One of the central components of the law, meant to stabilize a US economy that's been throttled by the response to the coronavirus epidemic, is a $350 billion loan program for small businesses.
Under the SBA's affiliation rules, many startups could be deemed too big to qualify for the loans.
Checking into startups' affiliation likely would have been a painstaking, time-consuming task.
With the SBA setting aside that principle, fewer startups are likely to get tripped up by the affiliation rules, Field said.
Many startups are looking into the loan program, Field said.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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