Larry Kudlow answers small business owners’ questions about SBA loans
National Economic Council Director Larry Kudlow breaks down the process for applying for small business loans.
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White House economic adviser Larry Kudlow said the Trump administration wants to open the economy soon so America can start on the road to recovery after so many businesses shuttered due to the coronavirus pandemic.
"Let us hope we can reopen this economy in the next four to eight weeks," Kudlow told FOX Business' Charles Payne during the "America Works Together" virtual town hall on Thursday.
Kudlow said the administration is working on a plan to do that on a "rolling basis."
500,000 CORONAVIRUS SMALL BUSINESS LOANS APPROVED SO FAR, KUDLOW SAYS
This echoes what President Trump mentioned on Wednesday during the White House's daily coronavirus task force briefing that he was hesitant to give an exact reopening timeline for fear of going back to work too soon and causing another flare-up of COVID-19.
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"We could do it in phases; we could go to some areas … much less affected than others, but it would be nice to be able to open with a big bang and open up our country or certainly most of our country," Trump expressed during the briefing. "And I think we're going to do that soon. "
Trump did mention he felt the country was "ahead of schedule."
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"I think we will be sooner rather than later, but we'll be sitting down with the professionals, we'll be sitting down with many different people to make a determination, and those meetings will start taking place fairly soon," Trump said.
Trump insisted he wouldn't reopen the country until the professionals gave him the go-ahead.
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