Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic.
Baker said Monday the fund will provide emergency capital up to $75,000 to Massachusetts-based businesses with under 50 full- and part-time employees, including nonprofit groups.
Loans are immediately available to eligible businesses with no payments due for the first six months.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Commercial Lines Business Insurance New Markets Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
The 10 Major Risks Shaping Insurance Today 
Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’ 
Update: Beryl Rakes Mexico’s Yucatan With Hurricane Winds and Heavy Rain 
Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims 
