"So what do you do? Do you lay off your employees because they can apply for unemployment right away? Or do you hold out and hope that the third bank you apply

"So what do you do? Do you lay off your employees because they can apply for unemployment right away? Or do you hold out and hope that the third bank you apply to for a loan will be a success? What if it's not?" That's a case by case judgement call that only the owners/operators can answer given their situations and values. There is not universal or general advice answer here. "It's very easy for Congress to say "We are giving out money. The businesses are saved!" It's quite another in the implementation of that, and to some degree I feel they were so eager to pass something that they didn't think these things through fully." I fully agree and my comment above was to suggest their intent.