Seems to me that when you rush a bill there are always a few hiccups along the way. This bill seems to have many . I have talked to many that are now unemployed and have yet to get a check.. I know a few who have small businesses and have yet been able to get a loan. I am talking about small mom and pop stores, a local restaurant and others that are self employed.But yet the richer businesses seem to get right through the red tape..I sure hope they get it right and quickly or there will be many businesses shutting down ..
https://www.foxbusiness.com/money/st...nds-brokerages
Stimulus intended to help coronavirus-ravaged small businesses instead rewarding hedge funds, brokerages
https://www.foxbusiness.com/money/st...nds-brokerages
Stimulus intended to help coronavirus-ravaged small businesses instead rewarding hedge funds, brokerages
When the chief executive of a midsized bank was briefed on the status of small-business loans being made under the federal government's coronavirus stimulus plan, he nearly hit the roof.
The bank was receiving applications not just from those barely solvent mom-and-pop businesses like restaurants, salons and family-run factories shuttered amid the nationwide pandemic shutdown that the legislation was supposed to help.
Flowing into his system were applications from businesses no one would consider small, or even barely solvent: Midsized hedge funds, brokerage businesses, small law firms, all outfits that are making money, much of it through fee income, and many operating remotely almost as if nothing had changed.
The bank was receiving applications not just from those barely solvent mom-and-pop businesses like restaurants, salons and family-run factories shuttered amid the nationwide pandemic shutdown that the legislation was supposed to help.
Flowing into his system were applications from businesses no one would consider small, or even barely solvent: Midsized hedge funds, brokerage businesses, small law firms, all outfits that are making money, much of it through fee income, and many operating remotely almost as if nothing had changed.
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