translated from Spanish: AMLO announces more credits for family businesses affected by pandemic

President Andrés Manuel López Obrador announced one million new credits for family businesses, which add to the other million he had already announced.
The appeal, he said, will be for businesses that have workers enrolled in Social Security and who did not fire or reduce wages in the face of COVID-19 contingency.
Read: This will be the delivery of credits of 25 thousand pesos for small businesses before the COVID-19 pandemic
The credits will be for companies in the formal and informal sector, will be 25 thousand pesos, nothing will be left under guarantee and will be dispersed in May.
The representative detailed that there will be three months of «grace» to start paying and three years to conclude.
On 25 March the president had made a first announcement of one million small business loans to address the economic crisis caused by COVID-19.
 The credit money, he said this morning, is part of the agreements with a group of large companies that owed taxes to the Public Treasury, for which they will pay 15 billion pesos.
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«We talked about 15 companies that owed 50 billion pesos. Of those 15, already guaranteed of the 50 billion, they have come to offer arrangements to pay 15 billion pesos until Wednesday,» he said.
He ruled out a stay of taxes on big businessmen in the face of the coronavirus pandemic, as his government seeks to stop those who did not pay now to do so.
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Original source in Spanish

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