SBA has processed about 2.2 million loans, whose value is over $175 billion, since the start of the second round of the PPP loan processing on April 27, the statement added.
The second round of the SBA’s Paycheck Protection Program was launched on Monday, allowing lenders to issue forgivable, government-guaranteed loans to small businesses shuttered by the outbreak. 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.
Maybe crude oil go to $15.
Not working because big business keeps taking the loans.
America has to get dollars 'circulating'!!
They will start printing the money in red. Not to signify blood or anything. They are just running out of green ink.
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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?
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Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »