Some small-business owners got $0 — while lenders got billions in fees

“It is frustrating due to the small window of opportunity to maintain business,” wrote Yurubi. “This is not right.”

On Friday, the SBA disclosed the first final accounting of the exhaustion of the Coronavirus Aid, Relief, and Economic Security Act Act funding for the initial phase of the PPP program. In sum, 1,661,367 loans were approved for $342,277,999,103 from 4,975 lenders through noon Friday, the SBA said in a release.

The top five industries receiving the loans, in descending order, were construction, services, manufacturing, health, and accommodation and food services. These loans compromised nearly 60 percent of the total amount. However, despite the amounts of funding that have been committed, the nation’s biggest retail banks were largely unable or unwilling to share figures on how many funds had actually been actually deposited into customers’ bank accounts.

I agree, Moscow Mitch doesn't want to give a penny to the poor or small business, just too the big business. Republicans don't care about you and me for sure.

Is this what you meant by helping small businesses? marcorubio

Boo boo. They probably voted for trump.

These are constituents in Nancy Pelosi’s district. Fortunately for her they eat from dumpsters, so her ice cream stash is safe. In her $24,000 freezers. Behind her wall. Protected by her armed security force.

Some say Boeing AmericanAir and RuthCrisSteakhouse had their Direct Deposit in Order for the Trumpwelfarecheck , Hedgefunds Realestate BankersFavoriteclients NOTHING for small business like mine in NJ. This was Corporate thievery on our tax dollars..

The depth of greed in the world is destroying civilization as we knew it. You can't keep a society going with no moral standards. Greed is always the culprit.

Im a small design business of 3 It took A WEEK to get preapp from my bank WellsFargo Sent inquiry in at 10 am the day it released then told I was in a queue. Then NOTHING for 2 weeks except stalling emails! Thursday I received the app but now no $! Horrible! CharlesScharf 🤬

That’s my the 4th stimulus bill needs to be more for avg people and not the million/billionaires. Is it really that shocking that the banks got theirs while so many people got nothing?

Corporate bailout all over again! The ones with the “Greatest Need” are the ones pushed to the back of the line!

Kennedy Center and others Democrates wanted to give. Our families and small buissness matter. Democrates holding out for things that could wait.

This is how republicans roll , greed is all they know

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Funding Exhausted for $350 Billion Small-Business Paycheck Protection ProgramFunding has been exhausted for the $350 billion Paycheck Protection Program as talks continue on adding funds to the small-business relief plan WHERE THE FUCK IS MINE? You can not print money forever ..
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Fed's Bostic: Small business may need up to $500 bln monthly in support through crisisU.S. small businesses may need as much as $500 billion a month to fully ensure their survival through the widespread closures and disruptions slamming their revenue during the coronavirus crisis, Atlanta Federal Reserve bank President Raphael Bostic said Thursday. Small businesses just need something. Make it easy to get and get it to them quickly. Most small businesses have gotten nothing in the last 6 weeks. We have 600 euros
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