Self-employed and contract workers are also eligible, but their loan process did not start until Friday. The Treasury Department recently clarified that businesses must rehire staff (or employ new workers) and return their payrolls to February levels by June 30, when the loan program is set to expire. However, if the loan does not come through or businesses are not able to reopen in May, the story changes. Instead of taking out a payroll program loan, they closed in mid-March and laid off 24 people until they learned more. When Michigan’s stay-at-home order was announced, Blondy laid off 70 of her 90 workers, and her business dropped by 95%.

Source: bd News24 April 11, 2020 13:41 UTC