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US approves $168 billion in small business loans under coronavirus plan - White House's Kudlow

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Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/reuters/04/11/20200409t-health-coronavirus-usa-larry-kudlow.jpg"/><figcaption>White House chief economic adviser Larry Kudlow gives a thumbs up to reporters after answering questions on the Trump administration&#x27;s response to the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S. April 9, 2020. <em>Jonathan Ernst, Reuters</em></figcaption></figure></div><p>WASHINGTON - The United States has approved 661,000 loans to small businesses totaling $168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.</p><p>&quot;We&#x27;re now at 661,000 loans approved... $168 billion have been approved by this government,&quot; Kudlow said in an interview with Fox Business Network.</p><p>A $2.3 trillion economic stimulus enacted last month allocated $349 billion to loans for small businesses hurt by the crisis that can be turned into grants if they meet certain conditions.</p><div> </div>

<p>WASHINGTON - The United States has approved 661,000 loans to small businesses totaling $168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.</p>

WASHINGTON - The United States has approved 661,000 loans to small businesses totaling $168 billion under a program to address the fallout from the novel coronavirus epidemic, White House economic adviser Larry Kudlow said on Friday.