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Tennessee small businesses can apply for loans as result of virus

The funds are to be used for financial obligations and operating expenses.

NASHVILLE, Tenn. — Tennessee small businesses that have been economically harmed as a result of the coronavirus outbreak can apply for U.S. Small Business Administration disaster loans.

The state Department of Economic and Community Development said in a news release last week that small businesses and nonprofit organizations are eligible to apply for economic injury disaster loans of up to $2 million.

The funds are to be used for financial obligations and operating expenses.

The request for the economic injury disaster loan declaration was submitted Wednesday.

Learn more HERE.

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Coronavirus in Context: 

The majority of people who have coronavirus will get better without any long-term effects, according to an Oregon doctor. About 80% of cases tend to be mild. In these cases, symptoms diminish over five to seven days, although people are still capable of transmitting the disease. But there are many people with a higher risk of having a more severe disease if they are diagnosed with coronavirus, including those with heart disease, diabetes, asthma and other vascular disease problems.

Also, most children who get it have mild symptoms.

WHO officials said March 9 that of about 80,000 people who have been sickened by COVID-19 in China, more than 70% have recovered and been discharged from hospitals.

Patients are typically released when they test negative twice for the virus within 24 hours, meaning they’re no longer carrying the virus, although some countries may be using a slightly different definition, that may include when people have no more respiratory symptoms or a clear CT scan.

The World Health Organization said it could take considerably longer for people to be “recovered,” depending on the severity of disease.

Dr. Mike Ryan, the World Health Organization's emergencies chief, said it can take up to six weeks for people to fully recover from COVID-19 infections, which could include pneumonia and other respiratory problems in serious cases. He said the numbers of reported patients have not always been systematically provided to World Health Organization although the U.N. health agency is asking every country with cases for further information.

To put the coronavirus numbers in context, millions of Americans get the flu every single year and there are thousands of flu deaths annually.

Since October 2019, the CDC estimates around 32 million Americans have gotten the flu. That’s one in every 10 Americans.

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