WASHINGTON (Reuters) - 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.
“We’re now at 661,000 loans approved. ...$168 billion have been approved by this government,” Kudlow said in an interview with Fox Business Network.
A $2.3 trillion economic stimulus enacted last month allocated $349 billion to loans to small businesses hurt by the crisis that can be turned into grants if they meet certain conditions.
Reporting by Mohammad Zargham; Editing by Sandra Maler