PPP Loans
The SBA’s “CARES ACT” promised a lifeline for small businesses affected by COVID-19. Yet for many owners, the loan process proved frustrating, time-consuming, and full of red tape.
SBA: “processed more than 14 years worth of loans in less than 14 days” 76% of loans have been processed by small/regional banks 49,000 loans totaling $8 billion have gone to real estate subsector Guidelines still murky for independent contractors, who had only four days to apply before funds ran out Talks are underway for…
