Billions in U.S. Stimulus Cash: Who Gets It and How to Get Access
- Small businesses can get up to $10 million to cover payrolls
- Treasury, Fed working on plans for airlines, debt purchases
Photographer: Mario Tama/Getty Images
This article is for subscribers only.
This is normally the time of year when the federal government is collecting taxes due, but the devastating coronavirus now has the U.S. trying to rapidly dole out hundreds of billions of dollars in aid and tax breaks to businesses large and small.
There are different pots of money for different kinds of companies. Banks on Friday began accepting applications for the $350 billion available for small and medium companies under the Small Business Administration’s Paycheck Protection Program, established as part of the $2.2 trillion economic rescue package.