3 ms·
Sorry but your experience is vastly different from the experience of the vast majority of people. The program is out of money and about 75% of applicants are st
by zaphod4prez 6y ago
Sorry but your experience is vastly different from the experience of the vast majority of people. The program is out of money and about 75% of applicants are still waiting (& won't be getting their money). Almost all of those who haven't received funds are just... screwed. I personally know 3 small business owners who applied w/in a few days of the program being announced whose banks did not submit their app to the SBA before funding ran out. One of them already wasn't able to meet payroll, another one is giving her 2 employees her entire paycheck in order to keep the business alive. Basically, you got incredibly lucky.
I literally have no idea how you could be friends with other small biz owners and not realize that this program is an utter failure.
Editing to add source: https://vermontbiz.com/news/2020/april/20/nfib-80-percent-ppp-loan-applicants-still-waiting-funds https://vermontbiz.com/news/2020/april/20/nfib-80-percent-pp...
- CPLX 6y agoI agree with everything you're saying. It's a failure because it needs much more money added to it because it was so popular and is so desperately needed right now. The narrative I've seen in all the press is that's it's a failure because it all went to Shake Shack and others who didn't deserve it which I think is a confusing distortion of what's actually going on here.
- ubu7737 6y ago> The narrative I've seen in all the press is that's it's a failure because it all went to Shake Shack and others who didn't deserve it Where have you seen that narrative? I think you have created your own easily-defeated strawman for the sake of argument.