Small Emergency Loans Information for Local Businesses

The Border Reports – April 2,2020

NOGALES, ARIZONA.- The city of Nogales, Arizona announced measures to help local businesses that have been affected by the effects of the Covid-19 pandemic.

The city government announced that through police officers, flyers were personally delivered to 88 local businesses with information on small business emergency loans.

They reported that the United States Congress recently passed the Coronavirus Economic Relief and Relief Act (CARES) that allocates nearly $ 350 billion.

The intention is to help small businesses keep workers employed in the midst of the pandemic and the economic downturn.

Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses that keep their payrolls during this emergency.

For more information, local businesses can visit the electronic portals of the United States Chamber of Commerce and it is also recommended to visit www.sba.gov for additional information and relevant guidance.