Senator Rubio: new small business aid program to launch Monday


WASHINGTON (Reuters) – The U.S. Small Business Admininstration will make additional coronavirus-related financial assistance available to small businesses beginning on Monday, a top Republican senator said.

“SBA is going to launch the program on Monday morning. And so that will give everybody the rest of today, through the weekend, for the lenders and everyone to get ready,” Senator Marco Rubio, Republican chairman of the Senate Small Business Committee, said in a video posted on Twitter on Friday.

The assistance was approved by the House of Representatives on Thursday, as part of a $484 billion coronavirus relief bill that was due to be signed into law by President Donald Trump later on Friday.

Reporting by David Morgan