Behind the scenes, conversations have begun with law enforcement partners around the country to ensure that the Small Business Administration's expansion of loans is disbursed to the people intended to receive the funding, according to a spokesman from the Office of the Inspector General.
Groups like the Chamber of Commerce and the National Federation of Independent Business are also educating their members about how to apply for the loans and instructing them on how to protect their assets from potential bad actors."It is a very scary and a real issue," said Tom Sullivan, the vice president of small business policy at the US Chamber of Commerce.
good luck with that. lets hope measures are taken.
The govt knows how to throw money at a problem.
Worse unemployment than the great depression, congress bailed out the elite & set families up for foreclosure. Who will be able to buy something to keep small biz alive?
Typical of this apathetic, cold, selfish President.
Yes, borrow money for an undetermined amount of time, while you continue to not work to be able to pay back the loan....maybe they will let you write another payday loan check.
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Small-business owners face tough decisions as they wait for government loans to arriveThe CARES Act signed into law last week will throw small businesses a much-needed lifeline in the form of billions of dollars in loans. But until the money starts flowing, small business owners face a number of tough decisions. $AMC will be booming cc: dlrahall No, it will toss welfare to the privileged--those who bend the knee to government to partake in what is a right of every Amerikan--free enterprise, entrepreneurship. This is nothing but welfare, the same as the pork barrel contained in the legislation. Immoral. Unjust. Socialism.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Small-Business Loans Expected to Start Friday, Mnuchin SaysTreasury Secretary Steven Mnuchin said he expects details will be released later Monday on how small businesses disrupted by the coronavirus pandemic can tap a new loan program likely as soon as Friday. put people back to work in sections where virus is low quarantine peope who r sick wear gloves and masks to work Can't wait for the day Mnuchin joins the other trump cronies in jail. What he did to people in California during the 2008 recession is criminal!!!!
Källa: WSJ - 🏆 98. / 63 Läs mer »
Who Is Eligible For Small Business Loans In The Economic Stimulus Package?The law provides clear guidelines on what small businesses are eligible, and what their loans will look like.
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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!
Källa: CNN - 🏆 4. / 95 Läs mer »