Mom and pop stores need cash now. But a federal rescue is still mired in confusion

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Confusion and frustration bedevil attempts to keep employees on the job while getting a Payroll Protection Program loan.

Meanwhile, 50% of the members surveyed by the NFIB said their cash won’t last more than two months under current conditions.Members report that some money has begun trickling out in recent days. Some banks are telling customers the program is already oversubscribed. If Congress doesn’t allocate more money, and the loan-approval process doesn’t improve fast, “more small businesses will have to close their doors, and more employees will be laid off,” Wade said.

Swann built a mobile grooming business and, by 2008, had a storefront in Emeryville, near Oakland, named All About the Dogue. She attracted a loyal clientele.

 

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