WASHINGTON—When the federal government relaunched its small business aid program on April 27 with an additional $310 billion, lenders and business advocates warned the money would dry up within a few days.
Nearly two weeks later, more than 40% of the money remains available, according to figures released late Thursday by the Small Business Administration, even as small businesses continue to suffer from the fallout of the coronavirus pandemic.
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:
But unable to reach those who need it.
Maybe their too scared 2 take it. I'm not but yes i could definitely b more comftorbull, i know that 4 fact & yes im ruthless 4 doing it but i call the shots & im wrong i know. It didnt take a lot of work 2 get over but i think it took me more work 2 do it & hold it in memory
But as of yesterday, the SBA website was only accepting EIDL from agricultural businesses. They need to reopen it for all businesses.
Keyword: loan. Many don't want to be in debt. They will just close.
Pretty sure they're dragging their feet while trying to find another way to feed their big-business pigs, after bullshit was called on where the money had actually been going.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Small business owners in hardest-hit states were less likely to get relief loans, study showsSmall businesses in states hardest hit by the coronavirus -- including New York, New Jersey, Michigan and Pennsylvania -- were less likely to get federal coronavirus relief loans than less-affected states in other parts of the US, according to research from economists at the Federal Reserve Bank of New York. What's really amazing is the 'small businesses' that got the relief loans WERE LARGE COMPANIES NOT THE MOM AND POPS that are really struggling to stay afloat we need to know who the institutions in charge of disbursement are so we can hold them ACCOUNTABLE
Source: CNN - 🏆 4. / 95 Read more »
No More PPP Loans to Big Business, State Attorneys DemandThe state attorneys believe as much as $154 billion of the first round of loans went to large businesses.
Source: wwd - 🏆 24. / 68 Read more »
11 Incredible Small Asian-Owned Business To Support Right Now!Those shopping carts won't fill themselves. City Wok
Source: BuzzFeed - 🏆 730. / 51 Read more »
Lloyd Blankfein says big companies should be 'very reluctant' to tap small business relief programBlankfein may be speaking from experience: Goldman took $10 billion from the Treasury's Troubled Asset Relief Program in October 2008. Agreed Now interview a family who lost a family member. 'Please don't be as corrupt as the government will allow' LateStageCapitalism
Source: CNBC - 🏆 12. / 72 Read more »
Virtual babysitters see spike in demand, can earn up to $48 per hour: report - Business InsiderVirtual babysitters are seeing a sharp increase in demand during the coronavirus outbreak, and they can reportedly make up to $48 per hour Bruh, Instagram live will do this for free. What? This can’t be real.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Largest mobile soup kitchen in US overwhelmed with 50% spike in demand - Business InsiderFood programs have become vital as more than half a million New Yorkers have lost their jobs during the health crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »