Small business owners gear up for another go at anxiety-inducing Paycheck Protection Program

  • 📰 ABC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Small business owners describe an emotional month of fighting for PPP loans.

But for many small business owners, that glimmer of hope was quickly tapered by a reminder of their own experiences. After weeks of wringing their options dry as they tried to secure a loan at the same time as 1.

While waiting for news about his PPP application, Nick Pinton, who owns a fashion production company in Manhattan, started Fashion to the Frontlines with others in the fashion industry to donate cloth masks to health care professionals.If he doesn't receive a loan by May 1, he plans to furlough himself and his one employee.

For much of the last month, Ponton has searched high and low to find a bank that would process his application. He initially went to his own bank, Bank of America, but was told they were only able to review applications from customers that"We have played by the rules for a decade and the once in a million times that we need this ... you're told that your healthy business can't be serviced, because they're only giving money to people that owe them money," Ponton said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you deserved one, you got one. Til the money dries up. So suck a d!!k

How is the money from Ruth's Chris, Shake shack, others getting funneled back into the fund?

why are they going further into debt. when their employees can make out like bandits on unemployment.

With restrictions in place, who is going to visit these small businesses?

it's so sad but there's no other way to fight this situation other than going along with lock till the end

Heavy financial and human losses were inflicted on the Saudi aggressors in Yemen, and a number of their forces were killed and wounded. Yemen yemenis SaudiArabia Saudi

No luck here.

Yeah, thanks for bailing us out with more debt, congress. Enjoy that month-long vacation.

It’s a disappointing fail, rolled out without any planning. My application has been in limbo for almost a month. But hey, you pay your taxes one day past April 15 and they come knocking for penalty fees right away. 🤷🏻‍♂️

If the money don't come honey PPP and unemployment ya gotta get your ass back to your 7.25 hour job. THIS IS THE MONEY HOLD UP. AND WAKE UP

If the population of the US is under 400 million people. Why not send a stimulus check of a million dollars to each and every American. Wouldn’t that help every American better then trillions of dollars to corporate America.

And again, the banks will profit billions from fees, and major corporations will swipe money from small businesses that employ the hardworking men & women that are the backbone, legs, heart, & soul of the economy.

Another well run government massive bloated garbage program going no where .. we can’t buy our way out of the beef and broccoli flu

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kabbage Paycheck Protection Program loans for small businesses: Review - Business InsiderKabbage has shifted its focus to Paycheck Protection Program (PPP) loans to help small businesses struggling amid the coronavirus outbreak. Allows small business to get Loans that the stimulus package doesn’t give to small businesses . Fintech- financial tech company
Source: BusinessInsider - 🏆 729. / 51 Read more »

Private haven for wealthy received $2M from small business loan programA housing association representing the richest zip code in America was approved to receive a $2M of emergency coronavirus relief from the small business loan program, despite suffering no layoffs and no apparent financial impact from the pandemic. What the hell--- FOLLOW THE MONEY, EACH TRUMP MOVEMENT. Question: What happens when congress approves money like this with zero oversight
Source: NBCNews - 🏆 10. / 86 Read more »

Small-business loan program restarts Monday with fresh hopes and $320 billionThe U.S. Small Business Administration will restart a government coronavirus relief loan program for small businesses next week with an additional $320 billion. 0 $ don't west your time if u have 0 $ you can make 500$ OR 1000$.. 5000 $ for real for real go to and make money time is gold great Bot in telegram let's go guys And what is the loophole that will allow corporations to line their pockets this time? But how long will that money last? 🤔
Source: latimes - 🏆 11. / 82 Read more »

How to fix the failed small business loan program - Business InsiderOpinion | Congress' small business loan program failed those who needed it most. Here's how to fix it. By lexir, Megan Niedermeyer, and Jeanette Quick of GustoHQ lexir GustoHQ It was designed to fail or in the alternative it was a scam
Source: BusinessInsider - 🏆 729. / 51 Read more »