U.S. Raises Cap on Small-Business Disaster Loans – The New York Times

U.S. Raises Cap on Small-Business Disaster Loans – The New York Times


“We are here to help our small businesses, and that is why I’m proud to more than triple the amount of funding they can access,” said Isabella Casillas Guzman, the Small Business Administration’s administrator.
Credit…Anna Moneymaker for The New York Times

Companies harmed by the coronavirus pandemic can soon borrow up to $500,000 through the Small Business Administration’s emergency lending program, raising a cap that has frustrated many applicants.

“The pandemic has lasted longer than expected,” Isabella Casillas Guzman, the agency’s administrator, said on Wednesday. “We are here to help our small businesses, and that is why I’m proud to more than triple the amount of funding they can
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