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Posts tagged as “launch”

“The Sh*t Is About to Hit the Fan”: Hours Before Launch, The Small Business Bailout Is On

Tonight at midnight, the most critical – if hardly biggest – part of the Fed’ $2 trillion fiscal stimulus is expected to begin: that’ when small and medium business with 500 employees or less can request a loan of up to 2.5x the average monthly payroll (capped at $10 million), meant to buy cash-strapped companies just under 3 months in liquidity. As we discussed previously, the loans which are packaged under the SBA’ Paycheck Protection Program carry a 0.5% interest…

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