As small business loan money runs out, many approved businesses still await checks or clarity on strict guidelines

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As small business loan money runs out, many approved businesses still await checks or clarity on strict guidelines. (via CNBCMakeIt)

Butts started the application process for the SBA's PPP loan over the first weekend of April and he estimates the process likely took roughly 20 hours of work from himself, his retired wife and one of his business's eight employees.

U.S. Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza issued a joint statement on Wednesday urging Congress to "appropriate additional funds" for the PPP loan program, as the SBA is now no longer accepting new applications with funding running out. For instance, Agatha Kulaga, co-founder and CEO of the small New York-based bakery chain Ovenly, made the difficult decision to temporarily lay off all of her company's, herself included, after shutting down operations at Ovenly's four retail locations and one commissary kitchen on March 16.

When the loan application process kicked off at the beginning of April, Kulaga says she and other small business owners' actions were motivated by the fact that the loans were first-come, first-served. "We were scrambling to apply for these loans," Kulaga tells CNBC Make It. "And the advice that everyone was getting was, 'Don't worry about the details, apply for the loan. It will help your business survive.

Meanwhile, Kulaga adds, Ovenly would not be able to make enough money to survive even if she did rehire all of her employees and restart minimal operations. Delivery service is typically only "a small portion of revenue" for her business, Kulaga says, and even that relies on making baked goods for large catering orders — a business that has certainly dried up with government orders restricting large gatherings of people.

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MakeIt There are some exceptions. For example: the VA requires all material used at the VA to be made in the U.S.A. The U.S.A right now does not have the ability to manufacture materials fast enough because of laziness.

MakeIt I'm not going to take you out. Pay attention. If you classified an employee at any business the only reason for that employee to get demoted is if your company is losing money or the employee starts pointing fingers at other employees.

MakeIt I have a better idea: Americans should simply DEFY all draconian laws and go back to work. After the police make arrests, there will be too many revolutionaries to count. Then, we can JAM the court dockets with cases charging the states with VIOLATING LIBERTY. Constitution

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MakeIt Yes

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