Popular small business rescue program poised to run out of money soon

or hire back those it may have already furloughed, and the loans are forgivable provided that 75% of the total amount borrowed is used for payroll expenses.Donald TrumpPresident Donald Trump speaks during the daily briefing on the novel coronavirus, COVID-19, in the Rose Garden at the White House, April 15, 2020, in Washington.

Tune into ABC at 1 p.m. ET and ABC News Live at 4 p.m. ET every weekday for special coverage of the novel coronavirus with the full ABC News team, including the latest news, context and analysis.

A woman wearing a mask walks past closed store fronts in the Astoria neighborhood of Queens, on April 15, 2020, in New York. Meanwhile, it remains to be seen what happens to lenders who have borrowers in the pipeline. The head of the Consumer Bankers Association, an industry trade group closely monitoring PPP told reporters that his organization was pushing SBA for guidance on what happens next, noting that much was at stake.

Source: News Formal (newsformal.com)

Thanks to democrats

SpeakerPelosi holds up additional funding, manipulating a crisis for her own immature agenda. She's working against blue states, though, bc unemployed ppl don't expand tax revenue. Prima Donna does not deserve House gavel. GOPLeader NYGovCuomo WSJ nypost

7NY so sad! and the democrats are holding up any help for them!

Democrats say they won't budge until their friends in Iran get $5 billion. Isn't that quid pro quo? Holding American business hostage to a regime that has weekly Death to America rallies. Wake up America, Democrats see America as the bad guys and you as the problem.

KeithOlbermann I also wonder if some business are abusing this program.

Let's be clear: Schumer & Pelosi are BLOCKING additional funding for the bipartisan Paycheck Protection Program—a critical lifeline that's WORKING for American workers & small biz—so they can once again play petty partisan games & push their unrelated far-left agenda. SHAMEFUL.

Well talk to Nancy!

DonaldTrump 'Sorry, but Trump Cleaners, Trump Gas n Gulp, Trump Discount Rx, and 35,000 other Trump businesses my lawyers set up on paper beat you to the money. Too slow, losers.'

it's an effing joke

Tragic.

Huh a liberal. They let it.

United States Latest News, United States Headlines

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

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 »

Small business loans top $296 billion and could reach the program's limit by the end of WednesdaySmall business loans top $296 billion and could reach the program’s limit by the end of Wednesday Meanwhile Pelosi nowhere to be found JerrValtNews Thank Pelosi and Schumer for playing politics Who's getting the money? Not my small business that's totally shut down!
Source: CNBC - 🏆 12. / 72 Read more »

Where the Stimulus Loans for Small Businesses Are GoingThe federal government has so far approved loans and grants worth nearly $250 billion for more than one million businesses impacted by the coronavirus outbreak under its small business relief program. DrWalat I think it would be best to lower the interest rate to slightly negative for March thru June and order the deferment of payments over that time - re-evaluate in a few month. Small business owners should be made temporarily eligible for unemployment benefits. Crickets on my application to TDBank_US ...
Source: WSJ - 🏆 98. / 63 Read more »

Their loan money was supposed to arrive in days. They've waited weeksSmall business loans from the Economic Injury Disaster Loan program are plagued by delays and inadequate funding, leaving many ailing entrepreneurs short-handed. and yet others didn't Emergency: a serious or dangerous situation
Source: CNBC - 🏆 12. / 72 Read more »

Congress Won't Return Until May, As Talks Appear To Stall On Small Business AidThe schedule change, which followed the advice of health experts, comes as talks stalled on Republicans' push to boost funding for a small business program. If the fucking Senate isn't re-opening for business then why should the rest of America? Trump wants all Americans to go to work on May 1, but the Senate will re-open for business only on May 4th?! keith72504 Sure, take your time. Nothing urgent going on or anything. 😡
Source: NPR - 🏆 96. / 63 Read more »