What you need to know about the new small business loan program

“While it helps with rent and mortgages, it is important to note that it does not replace business profits,” said Daniel Innis, a professor of hospitality management and marketing at the University of New Hampshire and former hotel owner. “Owners may meet current obligations to pay rent, utilities, a mortgage. And they are eligible for unemployment, so that helps. Regardless, it is going to be very hard for some small businesses to survive.”

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