US Rolling Out Low-Interest Loans to Small Businesses Impacted by Coronavirus

President Donald Trump addresses the Nation from the Oval Office about the widening coronavirus crisis, March, 11, 2020. Doug Mills-Pool/Getty Images

WASHINGTON—U.S. Small businesses hurt by the COVID-19 outbreak will be able to receive up to $2 million in disaster assistance loans as part of the economic relief package offered by President Donald Trump.

In his address to the nation on March 11, Trump said he instructed the Small Business Administration (SBA), a government agency, to “provide capital and liquidity to firms affected by the coronavirus.”