As the burden of debt continue pilling up due to the damage that the coronavirus continues to leave behind, many businesses are operating at a loss. Some are even on the brink of insolvency. As such, most of these businesses are looking for ways to remain afloat even as the burden of fixed charges keeps weighing them down even after closure of operations. Most of those facing the most significant challenge are the small businesses.

In the midst of the US version of the COVID-19 pandemic, the US government is offering loans to small businesses so they can pay their employees whether the business is in operation or closed down due to virus exposure concerns. The terms are extremely simple, requiring only the basic information about the business, number of employees, and average monthly payroll expense for 2019. View the information sheet below and follow the link if you want to apply. Applications for businesses open on Friday April 3 while contractors and freelancers can apply begining Friday April 10, 2020. The first paragraph is headed "Fully Forgiven" and seems like it may be the most interesting part of the offering.