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In his Friday the 13th coronavirus press conference in which the president shook the hands of several guest CEOs, President Trump announced that his administration would soon create a website to help Americans throughout the country access COVID-19 tests; designed by Google, it would be “unlike websites of the past.” Despite the apparent dig at the rollout of healthcare.
While Bloomberg reported that several banks were not able to register in that time period, larger problems still exist in the program: Though Amazon Web Services was brought in last week to provide cloud-computing infrastructure to help get the project up and running, it is still not finished.
Payroll is a major question to be left hanging at this point, considering that the $349 billion Paycheck Protection Program was designed to inject money into small businesses so that they wouldn’t have to fire employees during the economic crisis.
But we’ll never know more, because Trump thinks these re nasty questions.
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Small business owners stuck in loan limbo as new government programs stumble'Most Americans think this is all rolling out and checks are flowing based on what the White House is saying,' one small business owner said, adding: 'But we're hanging on by a thread.' Dr Fauci would have your business stay closed for months until there were no new cases. Ridiculous. End the shutdowns! Social distance the elderly and unhealthy.
Källa: NBCNews - 🏆 10. / 86 Läs mer »
Big Banks Favor Certain Customers in $350 Billion Small-Business Loan ProgramThe big banks’ decision to focus on existing customers could hurt smaller and minority-owned businesses that are less likely to have accounts with them, as well as businesses in rural areas where they have fewer branches 'GET WELL SOON' Boris BorisJohnson was admitted to the hospital due to coronavirus I am shocked to hear billionaire big banks are going to screw over little people after receiving hundreds of billions of dollars in taxpayer money. Shocked, I tell you. We just need to pull ourselves up by our bootstraps, or whatever. Why don't these banks ever bail us out? This a method to hurt the small minority owned business I have a Contracting firm. I know do a story on me A New World Contracting Co.
Källa: WSJ - 🏆 98. / 63 Läs mer »
How to Apply for a Small Business Loan Through the Coronavirus Stimulus PackageThe $2 trillion stimulus package allocates $350 million for the Paycheck Protection Program.
Källa: wwd - 🏆 24. / 68 Läs mer »
U.S. banks grapple with system glitches, paperwork snags as small-business program ends fourth dayThe U.S. government's $350 billion small-business rescue program was plagued by paperwork and technical issues as it lurched to the end of a fourth day on Monday, with some banks experiencing major glitches with the processing system, according to industry groups, bankers and an email seen by Reuters. thebearablebull Don't make a bank run they said thebearablebull XRP Thousands of successful applications. A handful of glitches. Which does the fake news media highlight?
Källa: Reuters - 🏆 2. / 97 Läs mer »
Big Restaurant, Hotel Chains Won Exemption to Get Small Business LoansWhile the new $350 billion Paycheck Protection Program is aimed at businesses with 500 or fewer employees, big restaurant and hotel chains can participate regardless of how many people they employ. So small business will be crowded out They’ll get the majority of the $350 billion while small businesses get scraps. The Democrats are to bust trying to make sure the Trump Organization does not get any money, but they fail to realize Trumps family business is one of the largest, greatest and most beautiful organizations in all of the world. They enjoy many great, smart and beautiful people.
Källa: WSJ - 🏆 98. / 63 Läs mer »
Google and Facebook will offer small businesses ad credits and grants - Business InsiderGoogle and Facebook will offer small businesses who advertise with them, and some news publishers, some relief in the form of ad credits and grants. I feel like it’s also a way to help prevent ad pricing from falling (by increasing demand) while simultaneously getting a charity tax write off 😂
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »