Bail bonds

20 March 2020 By Peter Thal Larsen Follow @Peter_TL

From large airlines to small restaurants, companies are pleading for state support to cope with plunging revenue. Governments can help by swiftly offering a cheap loan to any business that wants it. It’s the best way to prevent a severe downturn from becoming a prolonged slump.

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The U.S. Senate on March 19 was hammering out the details of a $1 trillion-plus package to stem the economic fallout of the coronavirus pandemic.

The administration of President Donald Trump has proposed a package which would include $500 billion in direct payments to Americans, possibly in the form of two rounds of checks that Trump said could amount to $1,000 each.

The strategy, as outlined in a Treasury Department memo, also would provide $300 billion for small businesses, $50 billion in loans for cash-strapped airlines and $150 billion for loan guarantees to other distressed economic sectors.

Two Republican senators, Marco Rubio and Susan Collins, said the $300 billion for small businesses would be in loans that could be converted into grants.

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