.
"The EIDL program was severely underfunded from the beginning, causing massive delays and confusion as the SBA stopped and started and capped its program," said Amanda Ballantyne, executive director of the Main Street Alliance, a small business advocacy group. "We absolutely need to expand grants to small businesses, but relying on an expansion of another loan program won’t fix the gaps in access to federal assistance for all the small businesses left behind.
Businesses seeking the loans and grants reported long delays and a lack of communication from the agency. The SBA then ratcheted down the amount of money businesses could receive. While Congress permitted loans up to $2 million, the agency -- which also came under fire for its handling of the Paycheck Protection Program -- capped the maximum amount at $150,000. The agency also limited grants to $1,000 per employee, after lawmakers allowed $10,000 per business.
"Throwing more cash and raising caps at a troubled program is not a solution," Taxpayers for Common Sense President Steve Ellis said. "It’s a recipe for waste and frustration." In Cardin's view, the Trump administration did not give EIDL the same degree of attention as the Paycheck Protection Program. Congress didn't know how much money to devote to the programs at the outset, either, he added.House Democrats proposed $10 billion for EIDL grants in the $3 trillion economic relief package they passed in May.
Democrats, are no more cookbooks ! 📚😳
Democrats (and partially Republicans) are pushing to annihilate small businesses nationwide by demanding a million dollar PMTA that only the biggest companies, namely big tobacco companies can afford. After September 2020 hundreds, if not thousands small vape shots will close.
+ Obama’s FBI lied.
Desperation time for Caesar. Just throw crap against the wall and see what sticks. Why does some Americans wants a dictatorship?
Small business where I live admitted to local newspaper that they were only going to hire their employees back right before the govt $ expired, give them a big bonus, and then most likely lay them off again. All just so THEY could qualify for the share of govt $ for themselves.
Key we words for the Dems, Riddled with Fraud!
Wow bad tweet. Democrats are trying to help small businesses because Republicans stole the first round of disaster relief.
No more rescue programs that help large businesses that can secure loans.