Description
Emergency lending policy for businesses hit by non-disaster shocks. Covers: triggering events (mill or plant closure, loss of an anchor employer or major contract, tariffs and trade disruption, commodity price collapse, strikes); eligibility and impact evidence; working capital bridge loans; stricter viability testing given long-term demand risk; pivot and diversification plans as a condition of approval; eligible and prohibited uses; deferral and repayment terms; coordination with regional development agency and employment programs; approval authority; monitoring; and program sunset.
