Frustrations remain over small business loans

Lenders and small business owners who had hoped the kinks had finally been worked out of the government's small business lending program were exasperated by their experience Monday, when system-wide shutdowns prompted a wave of complaints.

Business owners who have been waiting weeks for loans under the Paycheck Protection Program -- originally designed to make sure employers can keep workers on payroll during coronavirus closures -- may still be in the queue for a fresh round of $310 billion in cash after some small lenders failed to get even a few dozen applications uploaded.Within minutes of the program relaunching Monday, people were sending screenshots of errors received by lenders trying to upload applications.

How disappointing when I read the caption to this shot of Stable Genius to find that he was not signing his resignation.

Hillary Clinton wiping the computers again?

I can guarantee Big Business didn't have any kinks getting their hands on the money.

They’re frustrated over getting money to people who need it. Notice how they weren’t frustrated bailing out big companies and giving themselves raises...

Maybe we should look at how Canada did it. It seems to work pretty good up there.

Is that a wig.....

Kushner got 800million dollars. 1,600 small business could’ve gotten 500k each. Or 3,200 could’ve gotten 250k each or 6,400 could’ve gotten 125k each and so on and so on

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America CEO calls for Congress to 'fully fund' small business loan program: 'Just get the work done'Brian Moynihan said Congress should make sure the small business loan program is fully funded so that every business that qualifies can receive a loan. How about funding other smaller banks for loans instead of just the big 5. Midwest town businesses are dying from lack of help. Bastards. Bailouts should be considered wellfare. A damn bank that's supposed have to enough money to survive instead depends on bailouts. They're going to be even more reckless in the years to follow and Trump is just throwing money at the problem sending us further into debt. All bad... 😂😂😂😂, so he can give the money to big companies
Source: CNBC - 🏆 12. / 72 Read more »