A proposal from the Senate majority leader calls for $300 billion in funding for small-business interruption loans
WASHINGTON—The Small Business Administration could see the footprint of its primary loan program vastly expanded under the sweeping stimulus package proposed by Senate Majority Leader Mitch McConnell in response to the coronavirus crisis.
The measure would provide a means to extend much-needed capital to small firms, which are hard hit from virus-related closures and drop-offs in business, but it could also test the agency’s ability to quickly scale up the program and forge additional relationships with the nation’s...
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