Millions of small businesses are discovering that the emergency fiscal help they relied on in 2020 came with a long tail of unintended consequences.
When COVID-19 halted commerce, the Small Business Administration’s $387 billion Economic Injury Disaster Loan program was billed as a lifeline. The plan sounded reasonable: low interest rates, long repayment terms, fast relief. In practice, it became a mismatch between government math and business reality.
Read Full Article »