Covid Loans news and trends

Quick Reads
Small Businesses Owe $59 Billion From COVID Disaster Loans

May 02, 2024
The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back fees after defaulting on those loans, The Wall Street Journal (WSJ) reported Thursday (May 2). According to that report, the SBA has handed off 860,000 delinquent loans from the COVID disaster program — […]