Over 1.6M Small Firms Get Corona Crisis Loans
The Paycheck Protection Program has "enjoyed broad-based participation from lenders of all sizes and a wide array of industries and businesses."
Airlines Accept Terms for Virus Relief Grants
In exchange for accepting the funds, carriers have agreed to prohibitions on stock buybacks and layoffs, and limits on executive pay.
Strings Attached: Guidelines for Seeking Coronavirus Relief Funds
Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.
Moody’s Sees Potential Recovery in 2nd Half of 2020
But downside risks to growth remain high as the spread of the coronavirus and duration of lockdowns remain “highly uncertain."