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Executives at some of the country’s largest banks, speaking on the condition they not be named, have been expressing deep frustration for weeks about getting guidance from President Trump’s administration on how to comply with the hastily prepared rescue program. The SBA posted initial rules the night before the program went live early this month.
Some big banks spent days trying to get more guidance from the agency about elements of the application process, according to people with knowledge of the talks.Meanwhile, executives at major banks told their employees to make sure that they had validated financial information from small businesses before submitting packets to the government.
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You were all hoodwinked.
Lagged? They dragged their feet.
So the dems want to get $250 billion to hospitals. The same healthcare providers I can’t afford to buy healthcare from. But universal healthcare is not an option. Copy.
elainetravels That's a hallmark of the Trump Administration and everything it does.
Accidentally on purpose?!
But now smdepleted after 2 weeks. Take the money from the corporate bailouts!
THIS is why...
conjob
It’s cool. Keep using those expensive degrees to perpetuate our broken system. The silver lining is watching all these morons pretend they can steer this ship makes me feel GREAT about myself.
You know what's going on in the world? Investigate wars, famines, and displaced people Isn't it time to make the world a better place؟
Are we winning yet? maga
Whats your magical powers
Too big to function too, I suppose.
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Emergency funding for small businesses affected by the coronavirus - Business InsiderNow that the $349 billion in federal PPP loans for small businesses has run out, founders will have to turn to new sources of cash and financing. You forgot to mention the D’s blocked it.
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S. lawmakers argue over coronavirus response as small business program runs outU.S. lawmakers argued Thursday about what the next coronavirus rescue package should include as a program to help small businesses ran out of money and the economy continued to struggle from a monthlong shutdown. President Trump’s claim that he wielded “total” authority in the pandemic crisis prompted rebellion, not just from governors. Just like People can get tested. 🤥🤥🤥🤥Lies Lies lies, but we need more TESTING TESTING TESTING. Life will not go back to normal without TESTING. SpeakerPelosi is a goner in November
Source: Reuters - 🏆 2. / 97 Read more »
Coronavirus bill talks will go through the weekend after small business funds dry up, Schumer saysDemocrats and the Trump administration are trying to reach an agreement on a bill to replenish a popular small business loan program. What is there to talk about? Give the SBA more money to help fund our small businesses. This is ridiculous that the Ds are not allowing this to move forward right now. Democrats legitimately don't care. They only care about the stupid people that they brainwash into voting for them Prop up assets long enough, we may look like pre-revolutionary France yet! How long do you think the broke masses will look at a rising stock market, before realizing it’s all an artificial, distorted, gamed joke?
Source: CNBC - 🏆 12. / 72 Read more »
The Paycheck Protection Program Ran Out Of Funding. What’s Next For Small Business Owners?The $349 billion earmarked as part of the federal stimulus package for the Paycheck Protection Program has been depleted. Here's where the program stands now. Just print more... All gone to the big small businesses like Ruth Chris?
Source: Forbes - 🏆 394. / 53 Read more »