Small Business Administration chief Jovita Carranza speaks at the White House as President Trump and Treasury Secretary Steven Mnuchin look on. Some small business owners are facing delays in applying for a new loan program.Small Business Administration chief Jovita Carranza speaks at the White House as President Trump and Treasury Secretary Steven Mnuchin look on. Some small business owners are facing delays in applying for a new loan program.
With his income sharply reduced, Hunnicutt needs more funds, and fast. He reached out to NPR on Friday, when the Small Business Administration's coronavirus crisis lending program opened. At the time, he was having trouble getting through online to apply for an SBA loan through his bank, Wells Fargo. I asked him this week how it was going.
"I paid my guys two weeks," he said."Well, that was two weeks ago. Starting today, this week, they haven't been paid."Business problems with banks
Many sole proprietors are applying for PPP because they can, you better not stick it to them & leave them hanging without even UI. No one trusts you realDonaldTrump
Well, gotta figure out how many middle men to stick in to skim, and how to make sure how those who fund our elections get their share. Whoring ain't easy people.
It also would have been cool 1 month ago when 75% of people had to apply for unemployment
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Senate will vote to pass more small business aid Thursday, McConnell saysTHAT IS REALLY BAD, THE CURRENCY DEVALUATION WILL CAUSE HYPER INFLATION, DO THESE IDIOTS REALIZE THEY ARE NATIONLIZING THE CAPITAL MARKET. DO YOU KNOW WHAT THAT MEANS? MILK AT $100 more free money marcorubio Yea I went to the HouseDemocrats and HouseGOP with my ideas last night - because I truthfully believe that Pelosi has a more powerful voice than any Senator. I am sure you don’t disagree.
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus small-business aid program could ultimately need $1.8 trillion in funding, analyst saysSmall businesses across America have flocked to their local banks to apply for forgivable loans backed by the Small Business Administration since the program launched last Friday, with some expressing concern that if they didn’t get their applications in quickly funding would run out.
Source: MarketWatch - 🏆 3. / 97 Read more »
After a frenzied rush to file for small business loans, entrepreneurs nervously wait on bank approvalsStrong demand for the small business relief program is “a really good sign for what the economy might look like 2-3 months from now,” Labor Sec. Eugene Scalia says. Joe come on.🙄 Is China back to normal? Had their stock market oversold like ours? China is also giving investors hope. How many are going to fold and never come bacK?
Source: CNBC - 🏆 12. / 72 Read more »
Small business owners stuck in loan limbo as new government programs stumble'Most Americans think this is all rolling out and checks are flowing based on what the White House is saying,' one small business owner said, adding: 'But we're hanging on by a thread.' Dr Fauci would have your business stay closed for months until there were no new cases. Ridiculous. End the shutdowns! Social distance the elderly and unhealthy.
Source: NBCNews - 🏆 10. / 86 Read more »
Outages and delays mar new small business loan programThe system the Small Business Administration is using to establish coronavirus relief loans was not functioning for most of Monday, banking executives said. Yet Trump lies saying everything is Incredibly going on well. Kat_Missouri Bullshit. Maybe not use Internet Explorer? Have your brain dead reporters ask some real questions & get some real answers.
Source: NBCNews - 🏆 10. / 86 Read more »