U.S. approves $168 billion of small business loans under coronavirus plan: Kudlow
Reuters
Published Apr 10, 2020 07:20PM ET
WASHINGTON (Reuters) - 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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Written By: Reuters
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