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State to help small businesses impacted by the COVID-19 outbreak

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NASHVILLE, Tenn. (WTVF) — Help could be coming to small businesses in Tennessee that are feeling the financial strain amid the COVID-19 outbreak.

Governor Bill Lee made the announcement during his press briefing Wednesday.

More than 94% of our state private sector is made up of small businesses with fewer than 50 employees.

The governor said they have submitted a request to the Small Business Administration to officially pursue statewide relief opportunities for Tennesseans.

He said the state is also pursuing loan assistance for small businesses, private and non-profit organizations with funds up to $2 million in assistance per business.

If you're a small business owner, visit www.sba.gov for help.