The depletion of the fund's resources had been expected for several days, and is set to launch a battle between Democratic and Republican lawmakers over the shape of additional relief funding.
The PPP loan program was well intended but had a"structural flaw" in how it was executed, said Mehrsa Baradaran, a professor specializing in banking law at the University of California, Irvine. In the meantime, business owners can look around for local and state grants. Anyone who has already been approved by the SBA should make sure their bank deposits the earmarked funds.
What about the Corporate Bail outs Funny the money was there for them..
Brasília / D.F./Brazil THERE IS A VIDEO ON THE YOUTUBE TITLE 'REVIEWS OF THE REPENTED BOLSOMINIONS' ABOUT VOTERS OF THIS CURRENT PRESIDENT OF BRAZIL JAIR BOLSONARO, THAT WINS STRENGTH !!
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Small-Business Aid Program Set to Run Out of Money Later TodayA small-business loan program at the center of a partisan standoff among congressional lawmakers is expected to run out of money later Wednesday, according to a person familiar with the fund. While Chuck and Nancy showboat so Q1 small biz shutdowns simply pushed into Q2
Source: WSJ - 🏆 98. / 63 Read more »
Popular small business rescue program poised to run out of money soonAs thousands of small business owners across the country scramble to stay afloat, the popular federal government-backed loan program meant to save those companies is poised to run out of money. Huh a liberal. They let it. it's an effing joke Tragic.
Source: ABC - 🏆 471. / 51 Read more »
The $349 billion coronavirus loan program for small businesses is out of money after 13 daysLess than two weeks after launch, the Trump administration’s Paycheck Protection Program (PPP) for small businesses slammed by coronavirus has run out of funds. Thank god the hedge fund managers and millionaires to claimed losses in 2018 got their payments though! Yahoo I hope they got a meal at least they were smart and and and paid off the credit card bill And there it is and so will unemployment and everything else.
Source: YahooNews - 🏆 380. / 59 Read more »
Small business loan program runs out of money, no longer accepting applicationsThe program ran out of cash Thursday morning. Why is it so hard to just approve additional funds for this program? Stop holding America hostage for your unrelated Democrats agenda. Welp, sounds like we fucked up. BretBaier AND Dems turn down a simple one page bill to add more $$$? Please people , vote ALL RED in November.
Source: FoxNews - 🏆 9. / 87 Read more »