The average loan size in the second round of the PPP loan processing has been $79,000, according to the statement released on Sunday.
The U.S. government’s $660 billion small business rescue program has stumbled on missing paperwork, technology failure, and the misdirection of funds to big corporations. It also faces the hurdle of forgiving those hastily arranged loans. The latest data released by the government does not address complaints around the transparency of the program. For example, it not include a breakdown of industries that have received loans.
The pandemic, which has killed more than 66,000 people in the United States, has shuttered wide swaths of American life, closing many businesses and schools and leaving hundreds of millions largely sheltering at home. Over the past week some U.S. states have begun to allow some businesses to reopen. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
globebusiness Meanwhile in Canada CanadianPM does nothing for the economy but pushes his own dictatorship agenda.
globebusiness No oversight tho ...corruption afoot
globebusiness CorporateWelfare after the TaxPlan Jesus Christ leave some crumbs for the sick and lame.
globebusiness Still building the greatest economy ever? realDonaldTrump