Posts Tagged ‘revolving loan fund’

Local Government Emergency Loans for Small Businesses: Contracting with Financial Institutions for Loan Administration

Wednesday, March 25th, 2020

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive. As their bills pile up but no revenue comes in, some businesses will run out of cash and be […]

Local Government as Lender: Emergency Loans for Small Businesses

Friday, March 20th, 2020

Economic activity can be disrupted by any number of unanticipated emergencies, ranging from natural disasters to virus outbreaks like COVID-19. When these events threaten the survival of small businesses, the owners may turn to government for assistance. One legal and effective way for a government to assist a small business with weathering a crisis is […]