Treasury makes coronavirus loan terms less favorable for small businesses

Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020.

Kevin Dietsch | Bloomberg | Getty Images

The Treasury Department changed the terms on some loans it’s offering to small businesses during the coronavirus pandemic, making them more unfavorable for borrowers, experts say.

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