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  • Los Angeles Times

    Commentary: Is the cavalry finally on the way to help keep small businesses alive? Kinda sorta

    by Jon Healey, Los Angeles Times Apr 03, 2020 3 minutes

    Are you a small business owner or employee scared stiff about the COVID-19 pandemic putting you out of work? Or a small nonprofit or sole proprietorship? Good news - the calvary rides in today! Well, some of them. Maybe.

    Amidst one of the biggest surges ever in U.S. unemployment, banks were scheduled to launch a new federally guaranteed low-interest loan program Friday to help small businesses avoid layoffs, furloughs and pay cuts. The Small Business Administration's Paycheck Protection Program, the first tangible fruit of the $2-trillion economic rescue bill that

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