{"id":12511,"date":"2020-03-30T14:56:55","date_gmt":"2020-03-30T11:56:55","guid":{"rendered":"https:\/\/www.become.co\/blog\/?p=12511"},"modified":"2020-03-31T09:22:41","modified_gmt":"2020-03-31T06:22:41","slug":"coronavirus-sba-loans","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/coronavirus-sba-loans\/","title":{"rendered":"SBA Disaster Relief for Businesses Affected by Coronavirus"},"content":{"rendered":"\n

American business owners affected by the coronavirus outbreak can take a deep breath after receiving some warmly-welcomed news this week.<\/span><\/p>\n

The U.S. government has authorized a $50 billion cash injection into the Small Business Administration, providing more low-interest loans to help small-and-medium-sized businesses in impacted areas overcome these difficult times.<\/span><\/p>\n

Additionally, President Trump said that select individuals and businesses will have the ability to delay filing federal income taxes for up to 90 days with no penalties.<\/span><\/p>\n

Why is this important news for your small business? Find out below.<\/span><\/p>\n

How has coronavirus impacted small businesses?<\/span><\/h2>\n

Small businesses across the country, and indeed across the globe, are feeling the hurt during this coronavirus outbreak. It\u2019s no secret that throughout many industries, business success and stability are at risk as a consequence of the coronavirus – even those that spent the time to create a <\/span>business disaster recovery plan<\/span><\/a>.<\/span><\/p>\n

The current impact of coronavirus on small businesses:<\/b><\/p>\n