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As well they should. Let them die. Business is an investment, and such endeavors bring risk to the equation. Contingency planning competent owners would include such catastrophic events. Bailouts are nothing more than welfare, socialism. Another example of government corruption.
Small Business’ express fear because $150billion of the $349b will be fraud related. Very laxed parameters
For most small biz, the issue will be the approval process at banks since a lot don’t want to lend 1% rates and lend only to current clients, and some banks are lost in how to administer/what their risks is with default. There’s no guaranteed forgiven money, lots of proof at end
Very confusing especially when a bank tells you we have no clue how to proceed comeback next week or later🤡🤡🤡
Has anything been organized with this administration? Even a blank check as big as this stimulus action can't make up for poor disorganized leadership.
It’s pretty straight forward, there’s a one page description on the SBA website
Good and accurate article
I completed mine yesterday in less than 30 minutes. The idiot who wrote this story could never run a business given this low aptitude. Do better
I was so scared and confused that I went online yesterday and I completed my application in 5 min
Any literate businessman can do this very easily. 2 small businesses (10 employees) that I am very familiar with both got it done online through BoA the day it dropped in 30 minutes or less.
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'Mom & Pop' shops worry they will be squeezed out of small business coronavirus aidFamily-owned restaurants fear they could be pitted against larger competitors, hotel chains and potentially investment funds in a race starting on Friday for a $349 billion pot of money the U.S. government will offer businesses hard-hit by coronavirus. Not if they all band together & fight for their right. Mom & Pop businesses are the cornerstone of USA. I love all the small local stores & am doing everything I can to continue to support them. Corporations/big biz will never take care of customers the way the locals can & do. Of course they will. The bailout isn't for the little guy.. it never is. When will they learn. A valid concern. The US government only assists large corporation. Even people are expendable.
Source: Reuters - 🏆 2. / 97 Read more »
Stimulus aid for 'small business' will go to some big chainsThe $349 billion stimulus program intended to help small businesses survive the coronavirus shutdowns will be open to franchisees and other large employers, raising concerns that mom-and-pop businesses could get squeezed out. SME’s are lifeline of our 🌍. Save them Save Jobs This is a lie, it’s focused toward businesses with 500 or less employees. Where the freak do you see mom and pop stores being left out I’m not sure who needs to hear this... but he doesn’t give a fuck about you or I.
Source: AP - 🏆 728. / 51 Read more »
Giant small business program poses herculean challenge for US banksAfter laying off almost all of his workforce across seven stores, Legacy Toys owner Brad Ruoho sees a path to rehiring them only if the new $350 billion US small business lending program performs as promised. Passage of the giant US relief package that includes the program "enabled us to feel more
Source: YahooNews - 🏆 380. / 59 Read more »
The Small-Business Loan Program Is Already Hitting 4 Big SnagsFor many businesses, by the time all this is sorted out, it will already be too late. Sad part is not all of those businesses were the ones who believed when Trump called COVID19 a Dem hoax Well most business are closed so you don't any costs except rent maybe depends. So instead of worry about the business income I worry more about each individual being able to survive financial thru this fuck fest. An in theory if you give the people money hopefully they spend it It's a disaster within a disaster. Federal government can't get it act together. It was changing the application process for small businesses yesterday and today, while applications were being submitted. Potential borrowers and lenders are confused. A mess.
Source: NYMag - 🏆 111. / 63 Read more »