Dad says that Unemployment rate increased only in states affected by coronavirus, like NY, WA, NJ or FL but the rest of the states are doing well. Taco Bell’s, McDonald’s & other fast food restaurants are still open
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Small business owners can apply for loans from $349 billion Payroll Protection Program starting FridaySmall business owners will be able to apply for loans to weather the economic downturn set off by Covid-19 on a first-come, first-serve basis beginning Friday as part of the newly passed stimulus package I'm too nervous that releasing loans to small businesses now is too early without necessarily assessing the face direction of overall response to COVID-19 combat measures could be counterproductive risky in jumpstarting the economy, otherwise, a 2nd stimulus Marginal small businesses should not be taking on more debt going in to a period of uncertainty .... especially if they have to personally guarantee this debt!
Source: CNN - 🏆 4. / 95 Read more »
U.S. small business bailout starts Friday. Is the government ready?Chris Hurn, founder of Fountainhead Commercial Capital, has received 7,400 small business loan requests in the past two weeks, more than his business has handled in its five years of existence. 🤣🤣🤣 Yeah, they start Friday... But no one will have money until later in the month. So that's fking moot. First off, how do they define smallbusiness
Source: Reuters - 🏆 2. / 97 Read more »
Citigroup CEO Michael Corbat says bank is 'working around the clock' on small business relief programLenders, who are being paid fees to administer the program on behalf of the Small Business Association, will face pressure to execute the program smoothly. LOL CNBC IS BS
Source: CNBC - 🏆 12. / 72 Read more »