PPP Small-Business Loans Left Behind Many of America’s Neediest Firms

  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

A U.S. loan program pledged more than $650 billion to help small businesses survive the pandemic. Its hasty launch left many empty-handed.

Congress and the Trump administration, in their bid to funnel more than $650 billion in forgivable loans to small businesses struggling through the pandemic, delivered a program that didn’t work for many that needed it.

The Paycheck Protection Program, which sped through Congress, was a rare instance of bipartisan cooperation between lawmakers and the administration, and opened for business on April 3, just two weeks after it was drafted. The program, known as the PPP, kept millions of workers off unemployment rolls by providing...

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 98. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

According to the SBA, using the definition of small businesses as having fewer than 500 employees, there are 30.7 million small businesses in the country:

Congress took the funds for themselves.

That's because the people who didn't need it, got it 1st. Typical republican response to a crisis; sure up their donor base, and the little guy gets screwed. Then the little guy gets lectured about how he should stand on his own 2 feet and not rely on the welfare state.

But many were helped.

Govt always messes everything up, and naive millenials keep demanding bigger govt. sounds logical, thanks heliparents for raising dependent children

GloriousWednesdayService Repent and be holy. The Messiah is coming. Be ready for the rapture, church.

Two blue chips not dependent on aid for success -

trumpys only re-election tools are Hate & Fear. America, Lets not kid ourselves....

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Members of Congress took small-business loans — and the full extent is unknownSome GOP lawmakers who benefited from the Paycheck Protection Program also opposed legislation requiring lending transparency. COWARD TRUMP (once again) RUNS AWAY FROM FEMALE REPORTERS- Lying Donny is too afraid to take questions. Most transparent administration Huh? HouseGOP SenateGOP
Fonte: YahooNews - 🏆 380. / 59 Leggi di più »

What solo entrepreneurs can do to get paid when using a PPP loan - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Democrats demand details from banks, Treasury on small business bailoutTreasury Secretary Steven Mnuchin said he's planning talks with lawmakers seeking details of $512 billion in emergency small business loans backed by the government during the pandemic “planning talks” 🤦🏻‍♂️ grifters robbing American taxpayers with impunity... TrumpCrimeSyndicate Why don't you detail where the first $600 billion went first? Or will that piss your friends off?
Fonte: politico - 🏆 381. / 59 Leggi di più »