Small Businesses Not Receiving Disaster Relief Funds
‘Disastrous’ Situation As PPP Loan System Crashes
Stephanie Ruhle discusses the problems from the latest round of funding from the Paycheck Protection Program and the president’s reaction. Aired on 04/28/2020.
‘We need that money now:’ Small businesses in need of relief funds
Small business confidence hits lowest recorded level, CNBC survey finds
Small business confidence plummets to a net negative reading for the first time, according to the CNBC-SurveyMonkey Small Business Survey for the second quarter 2020.
According to the CNBC/SurveyMonkey Small Business Survey released Monday, which surveyed 2,200 small business owners across America, while the $660 billion Paycheck Protection Program was instituted to give them a lifeline through the coronavirus and economic shutdown, only 13% of the 45% who applied for the PPP were approved. Among all respondents, 7% already received financing and 18% are still waiting for a response from a lender.
