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Stimulus Bill

Highlights of $2Trillion Bipartisan Coronavirus bill:

STIMULUS BILL

The U.S. Senate passed the $2 trillion stimulus bill March 25 and the House is expected to pass it on Friday. In addition to $1,200 direct payments to many individuals and expanded unemployment benefits, the bill includes:

•$377 billion in federally guaranteed zero-interest loans to businesses with fewer than 500 employees. Loans would be available up to $10 million. In certain circumstances, the loans could be forgiven. The loans would be made through Small Business Administration-certified lenders.

•$500 billion for government lending and grants to distressed companies This includes $425 billion that will go through the Federal Reserve.

•$150 billion to health care providers.

From Business Journal

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