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What Small Business Owners Need to Know About the New Stimulus Bill

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Here are answers to some of the most common questions about the future of the Paycheck Protection Program and alternative financing for small business owners

Small business owners can prepare for the resumption of the Paycheck Protection Program by getting their paperwork to their lenders as soon as possible

The small-business loan program designed to keep workers employed is out of money, and some main street business owners hit by the coronavirus pandemic say that it simply isn’t enough to keep their business alive in the first place. Photo: B.A. Van Sise/NurPhoto

 

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Some Not-So-Small Companies Are Getting Small-Business Loans Under PPPThe Paycheck Protection Program was meant for small businesses, but some big, publicly traded companies have cashed in too, including sandwich chain Potbelly, video storage company Quantum and coal producer Hallador Energy, each of which got $10 million. Greed!!! The program is just an extension of Trump's pay to play philosophy. He sees public office as a mechanism to transfer taxpayer assets to his private account. Graphic from OpenSecrets These are the places that have ripped off the small businessman! We need to not eat at RuthsChris & Potbelly & let them deal with the consequences!
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In South Carolina, small business owners welcome governor's reopening announcementSouth Carolina Gov. Henry McMaster announced that the state will issue a new executive order to allow most retail stores to reopen, albeit under the strict new guidelines. We have a planned vacation at multiple beach this year and if I can’t get my airbrushed confederate flag shirt with Calvin peeing on a Ford I am gonna flip and KAGA All over the barefoot landing!!!!! OPEN UP AMERICA!!!🇱🇷🇱🇷👮🏻‍♂️👮🏻‍♂️🇮🇱🇮🇱 This will prove to have been a terribly stupid thing to do.
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These small business owners are getting creative to survive in the COVID-19 economy'GMA' put out a call to small businesses and service workers to see how they've responded to the economic downturn and we'll be sharing their stories here. Adapt or die. Everything in the future will be home deliveries, even hair cuts...
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AP: Publicly traded firms get $365M in small-business loansCompanies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving... Meanwhile, many small businesses can't get any relief. Hmmmmmm...... Should big business get a bailout?
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