And It’s (The SBA Loan Loot) Gone! Now The Small Business Firings Really Start

The Paycheck Protection Program or PPP was funded with $350 billion in the last stimulus bill, this money is now gone. Of the thirty million small businesses in America, only 1.7 million received money from the 2.3 trillion dollar aid package passed to help sustain America during this difficult time. If the government blew through this money and was only was able to help only around 5% of small businesses it is difficult to think another 250 billion dollars will set things straight. Clearly, because the government made promises it delayed the wave of firing while companies waited for help. 

 

 

 

 

 

 

http://brucewilds.blogspot.com/2020/04/unemployment-to-soar-as-small-business.html