McConnell Says Small-Business Loan Program Needs More Funding

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Senate Majority Leader Mitch McConnell aims to approve more funding this week for the $350 billion small-business loan program to help firms hit by the pandemic, citing huge demand

In a statement, Mr. McConnell said the $350 billion loan program would soon need more funds because of the huge demand for the federal assistance. He said he would work with Senate Minority Leader Chuck Schumer and the Trump administration to approve the funding this week.

With lawmakers out...
 

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The intro has been a train wreck and the constant changing of criteria and calculation has made it difficult when it was supposed to be easy

Yeah, those Private equity firms can't wait to get their hands on that $ that was meant to go to small businesses. The tax cuts the GOP gave them wasn't enough for them. How much will Koch & others like him get, who have hundreds of small companies within their conglomerates.

Where is the current funding? It is being rumored that sba has told banks to hold the funds...even if the loan is already sba approved. Have companies actually received the PPP funds?

Time for this warthog to go. Didn't mean to demean warthogs.

Keep it targeted or SpeakerPelosi will have a provision forcing each American to adopt a polar bear tagged to the bill.

With no oversight, most likely.

How small is a small business?

HERE COMES THE BOUNCE UP OFF VWAP

SPY HAS TO TEST HIGH OF THE DAY, THEN IT HAS TO FILL GAP DOWN TO 248 AT SOME POINT

HOLY VIX JUST FLEW UP, THEY ARE GOING TO TANK THIS MARKET WITH ALL THIS CURRENCY DEVALUATION

Just got a response from WellsFargo on my position on their waiting list. Even though I 'made it' on their list, they will not be able to assist me with my PPP. Where is wsj CNBC latimes nytimes FoxBusiness ?

He needs to spend $6 trillion more ..

How much is earmarked for those elected to Congress with pass-through entities?

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Where did the other $ go? No one has been funded? Who got the $?

No surprise here. Probably need 2x at the least PPPloans

If your small government and fiscal conservatism can't help you in a disaster, what good is your ideology?

What the hell happened to the $2T?!?!?

But socialism or something

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Senate will vote to pass more small business aid Thursday, McConnell saysTHAT IS REALLY BAD, THE CURRENCY DEVALUATION WILL CAUSE HYPER INFLATION, DO THESE IDIOTS REALIZE THEY ARE NATIONLIZING THE CAPITAL MARKET. DO YOU KNOW WHAT THAT MEANS? MILK AT $100 more free money marcorubio Yea I went to the HouseDemocrats and HouseGOP with my ideas last night - because I truthfully believe that Pelosi has a more powerful voice than any Senator. I am sure you don’t disagree.
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