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Coronavirus closures, aid delays push more South Floridians into poverty
Read full article: Coronavirus closures, aid delays push more South Floridians into povertySmall business owners are having to choose between furloughs, pay cuts, unpaid leaves and layoffs in their attempt to survive the crisis. The $2.2 trillion relief emergency bill includes $350 billion to be used to help small businesses with forgivable loans. The Federal Reserve also unveiled plans for a $2.3 trillion program, which includes a $600 billion Main Street Lending Program to help small businesses. Here is the SBA’s database to find eligible lenders >ECONOMIC INJURY DISASTER LOANS: The program provides loans of up to $2 million with a term of up to 30 years. Florida set up a $50 million loan program for small businesses through the Florida Department of Economic Opportunity.