By Aftab Ahmed and Nupur Anand NEW DELHI / MUMBAI (Reuters) – The Indian government has confirmed a proposal to guarantee loans to small businesses by financial institutions as it seeks to revive business when the coronavirus lockdown begins to ease, said a government source and two bank officials. “Up to 100% of loans to …

Government to guarantee millions of dollars in business loans

Finance Minister Roy McTaggart at Friday’s press conference (CNS): The government has announced a new secured loan program to help support medium to large businesses in the Cayman Islands amid the current economic uncertainty. Finance Minister Roy McTaggart said the aim was to help companies struggling to meet operating and capital expenses and debt repayment …

Source: Shutterstock. Credit unions are not eligible for loans under the Small Business Administration Paycheque Protection ProgramNCUA President Rodney Hood said in a letter to credit unions on Tuesday. Hood said that under SBA rules, “financial firms primarily engaged in lending activity” are not eligible for the program. Credit union groups had expressed the hope …

MORGANTOWN, W. Va. (WVVA) – Today, the Trump administration announced that the USDA will invest more than $ 3.2 million in a loan and two grants to help improve economic health in rural southern Virginia- Western by helping the development and expansion of small businesses and local communities, “We are thrilled to be able to …