Some Confusion Surrounds Coronavirus-Related Small Business Loans in Tennessee

Tennessee small businesses are eligible for up to $10 million each in forgivable loans as part of the $2 trillion federal COVID-19 relief package, but some business owners are struggling to understand how to comply with the rules.

Like in many states, restrictions enacted by Gov. Bill Lee have caused many businesses to scale back services or temporarily shut down. Restaurants cannot provide dine-in services and nonessential businesses have been forced to close.

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