Small-Business Loans Expected to Start Friday, Mnuchin Says

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Small-Business Loans Expected to Start Friday, Mnuchin Says
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Treasury Secretary Steven Mnuchin said he expects details will be released later Monday on how small businesses disrupted by the coronavirus pandemic can tap a new loan program likely as soon as Friday

WASHINGTON—Treasury Secretary Steven Mnuchin said he expects details will be released later Monday on how small businesses disrupted by the coronavirus pandemic can tap a new loan program Congress passed last week.

The roughly $2 trillion economic relief package President Trump signed into law Friday includes nearly $350 billion in loans for companies with fewer than 500 employees, which will be administered by the Small Business Administration.

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