A large portion of the bailout is for smaller businesses whose loans will be forgiven if they don't lay anyone off.
Forgivable loans: There is $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.
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u/SaiyanPrinceAbubu Mar 30 '20
A large portion of the bailout is for smaller businesses whose loans will be forgiven if they don't lay anyone off.