{"id":6686,"date":"2020-03-13T20:27:44","date_gmt":"2020-03-13T18:27:44","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=6686"},"modified":"2020-03-13T20:41:44","modified_gmt":"2020-03-13T18:41:44","slug":"financial-assistance-for-the-affected-businesses","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/financial-assistance-for-the-affected-businesses\/","title":{"rendered":"Financial Assistance for the Affected Businesses"},"content":{"rendered":"
\"Financial<\/div>\n

Financial Assistance for the Affected Businesses<\/h3>\n\n\n\n

Federal, state, and local governments are trying to lessen the impact that the COVID-19 virus crisis has on companies.<\/h3>\n\n\n\n

As the coronavirus<\/a> outbreak forces people to take extra precautions and avoid crowded places, businesses <\/a>are suffering. In New York City, for example, some restaurants are experiencing declines in sales of as much as 30 percent, according to The Wall Street Journal<\/em><\/a>. Because that kind of revenue dip can be devastating for small businesses<\/a>, the U.S. government is providing financial assistance to companies that are taking a hit.<\/p>\n\n\n\n

The White House is also evaluating additional measures to lessen the blow to businesses and mitigate the impact on the economy<\/a>. Meanwhile, state and city governments are rolling out similar initiatives. Here’s where the federal government and some local governments currently stand.<\/p>\n\n\n\n

\"Financial
Financial Assistance for the Affected Businesses<\/figcaption><\/figure>\n\n\n\n

Federal government<\/h3>\n\n\n\n

President Trump signed a bill that allows the Small Business Administration to issue an estimated $7 billion in low-interest loans. The presidential administration, as well as legislators on Capitol Hill, are discussing additional measures<\/a> that have yet to be signed into law, including:<\/p>\n\n\n\n