Help For Small Business Owners

by | Mar 27, 2020

For any small business owner that needs to apply for a loan their is some good news.  Secretary Mnuchin announced that the emergency small business funding mechanism will be administered through the Treasury FDIC system rather than the SBA.  The contact point for the loans will be any FDIC bank so you should be able to go directly to a local bank and apply for emergency funding rather than having to go through the cumbersome SBA loan process.

Mnuchin describes how this will work here

Hat tip to Sundance at The Conservative Treehouse

Steven Woskow

Steven Woskow

Steve Woskow is an entrepreneur and was President of Agtech Products, Inc., a research and development company specializing in animal agriculture. He has a Ph.D. in Nutrition and Food Science from Iowa State University. He is retired and lives with his family in Northern Nevada.

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