$175 billion in small business loans given out in second round of the Payroll Protection Program

Treasury Secretary Steve Mnuchin and Small Business Administration Administrator Jovita Carranza said in a joint statement that the average size of a loan made under the second iteration of the program, which began Monday, was $79,000.

The administration said that since the launch of the PPP, 3.8 million loans totaling more than $500 billion have been made.Read MoreLenders said last week that they still struggled to upload applications Tuesday into the agency's database.

People are so stupid this is a game of three card Monty ,there is no freaking way no one can keep up with 2.2 trillion dollars in this crazy ass economy ,Rome is falling and if this guy declare marshal law he gets to remain in office

Is anyone keeping track of this federal $, what % is reaching those it’s intended for ? Perhaps it’s not a bad idea to warn those who might skim a lil here or there, doing so during a national emergency should constitute similar penalties of shooting looters on sight, too harsh ?

Going to rich Americans again I bet.

My small business is a US veteran owned and essential during this COVID-19.....$0.00 so far from PPP.thanksSBAfor$0

I bet.

QUESTION.... What is the calculated failure to repay percentage?... Take the money and run... NO assets to seize, THEN file for BK and you're home free.... with the money!

How much did the Lakers get this time?

So trump puts his buds first 👀 Dump trump

Let us know when it hits $1.7 Trillion. 😷

Some of them even to actual small businesses this time.

The greedy filled their pockets. Yeah capitalism and all it's harm.

How much went to Non-small businesses?

Did you know: The day after the made-up Julie Swetnick allegations surfaced, CNN gave disgraced lawyer & felon Michael Avenatti 35 minutes on 3 different primetime shows to attack Brett Kavanaugh I wonder why they haven't given the same coverage to Tara Reade's allegations? 🤔

How to maintain order and basic services at a time of economic contraction when demand for services is rising and revenues are shrinking

Trying to find out who all this money went to is going to be like pulling teeth. The list will come out eventually though, and will be another nail in the GOP'S coffin.

The Small Business Administration says it has approved 1.6 million PPP loans

I will never believe anything th corrupt trump regime says.

President. The problem of coronavirus is not fundamentally solved by the immediate money. To prevent the spread of infection, the cooperation of each and every citizen is essential. I have no choice but to refrain from going out.

Kashmiri family from Anantnag carry body of a pregnant lady on stretcher after the hospital refuse to provide ambulance & medical help. She died due to medical negligence. It's the death of humanity. Shame on the administration for such act!

It seems that money is getting to actual small businesses, at least more so than that first wave. The Democrats risky move to delay the stimulus bill a few days to negotiate assurances for more targeted distribution appears to have paid off.

How many actual small businesses got that money? Can my hairstylist qualify? Can my local baker qualify? They haven't gotten a dime.

In California, you can get arrested if you: —Go to a beach —Go to a park —Go to a public gathering You can even get arrested if misgender someone! ...But if you’re a high-level sex offender—you get released from prison Just like the 7 who Gavin Newsom released Wednesday 🤔

Why do people on a beach get arrested for doing nothing wrong but illegals who broke into America and illegally domicile themselves in our country get free cash? 🤔

Kashmiri family from Anantnag carry body of a pregnant lady on stretcher after the hospital refuse to provide ambulance & medical help. She died due to medical negligence. It's the death of humanity. Shame on the administration for such act!

lol

1,875 boxes of paper documents 415 gigabytes of electronic records What is Joe Biden hiding at the University of Delaware? Release the Biden Papers now.

Did the Trump Organization get a second helping of small business loan money?

Rudy Magdaleno has a history of: Child molestation Indecent exposure Assault Battery Criminal threat He’s also been accused of inflicting injury on an elder & violating parole 5 times since 2017 And California Democrats JUST released him from prison due to Coronavirus Sick!

Any to actual small businesses?

Let’s hope it actually makes it to small businesses this time.

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These business owners couldn't get a forgivable loan at first. Then it was easy.Business owners who successfully got loans during the second round of the Paycheck Protection Program describe the emotional roller coaster of the process. I hope all true small business owners get it. Not the huge, mega-rich corporations. The mom and pop stores, the individual locksmiths, plumbers, clothiers, animal shelters/caretakers, etc. These are the people who hold our communities together.
Source: CNBC - 🏆 12. / 72 Read more »

Lawmakers in Congress Press for Changes in Small Business Aid ProgramThe federal government’s $670 billion program to aid small businesses will come under a spotlight when Congress returns, with many lawmakers planning to target what they say are shortcomings in the program. How can they target the entire democrat party? Seems like a big task Where is Congress ? Why haven't been in Washington ? The shortcomings consist of more money for individual politician's projects, so that they have something to say to get reelected
Source: WSJ - 🏆 98. / 63 Read more »

Advocates are warning startups they may have to give back SBA loans - Business InsiderStartup advocates worry venture-backed companies that got money under the $670 billion small-business loan program are going to have to give it back
Source: BusinessInsider - 🏆 729. / 51 Read more »

Small-business owners could face jail time as DOJ launches investigation into coronavirus loan programCompanies that are found to have misled the government about the necessity of the small business emergency loans could face penalties ranging from a loss of loan forgiveness to jail time. Hopefully they're starting with the companies that took the loans despite needing the loophole to qualify as anything other than a national chain... Small businesses? What about the banks who crashed the economy in 2007? How about the mega corporations who use the media to sway public opinion? How many Billionaires are going to get sued for all their fleecing?
Source: MarketWatch - 🏆 3. / 97 Read more »