Small businesses can apply for loans as result of virus

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NASHVILLE, Tenn. (AP) – Tennessee small businesses that have been economically harmed as a result of the coronavirus outbreak can apply for U.S. Small Business Administration disaster loans. The state Department of Economic and Community Development said in a news release last week that small businesses and nonprofit organizations are eligible to apply for economic injury disaster loans of up to $2 million. The funds are to be used for financial obligations and operating expenses. The request for the economic injury disaster loan declaration was submitted Wednesday.

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