Financial and business news from Bulgaria

Small US companies get $310 billion

The office in charge of small business in the United States will today release a second tranche of $310 billion under its program aimed at helping small companies cover their employee costs amid the coronavirus pandemic, Reuters and BTA reported
Following worries that some of the money from the first tranche had passed small companies at the expense of Wall Street firms and business giants, Congress, the Small Business Office and the Finance Department made changes to the program's rules.

The second tranche will eventually include hundreds of millions of dollars returned by large companies following the displeasure, in addition to 310 billion of the second tranche