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"Any FDIC bank, any credit union, any fintech lender will be authorized to make these loans” to a small business subject to certain approvals, Mnuchin said." bloomberg.com/news/articles/…
"loans are potentially forgivable up to 100% of the principal amount borrowed. Unlike disaster loans, these loans there is a presumption of negative impact from COVID-19. These loans do not require collateral or guarantees." natlawreview.com/article/summar…
"The maximum value of a company's loan will be equal to the lesser of $10 million or the sum of 2.5 times the average monthly payroll cost in 2019. This includes wages for employees as well as expenses for paid sick leave, health care, and other benefits."
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