A federal pandemic aid program aimed at facilitating SMEs’ access to capital has been approved for more than a year when companies face high inflation headwinds and increased risk of recession. It has passed.
This month, the Treasury began distributing nearly $ 200 million to five states through the State Small Business Credit Initiative. This is a $ 10 billion program that funds state, territory, and tribal governments for programs that provide capital and encourage private lending. Initial funding will fund venture financing in Maryland and financing small manufacturing in Michigan, among other programs.
Treasury releases pandemic funds when SMEs face new risks
Source link Treasury releases pandemic funds when SMEs face new risks