REUTERS: Cheryl Wellman is one of thousands of small business owners anxious to see if she'll get a slice of the US$310 billion in new emergency aid that was just released by Washington.
A new survey by the Association of Equipment Manufacturers, which represents off-road equipment manufacturers and suppliers, found that one out of every five companies that qualified and applied for the loans in the first round were unable to secure them. Wellman has laid off half of her 20 workers and said, if the loan comes through this time, she'll bring back all of them even if demand doesn't snap back. She said they could organise the factory and paint machines.
"I even talked to their small business banker - who said he could see our application," Kavikondala said."Next thing we know, the whole money is gone."
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