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Thread: Small business loans like " hunger games" within minutes

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    Cotton1's Avatar Senior Member
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    Small business loans like " hunger games" within minutes

    https://www-nbcnews-com.cdn.ampproje...-some-n1187051

    Much of the $350 billion in the Small Business Administration's emergency coronavirus relief fund was effectively spoken for within the first minutes of launch, according to


    More at link
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    Peter1469 (04-19-2020)

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    carolina73's Avatar Senior Member
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    We are one that never heard back. Chase did a great job at preparing us with online seminars and easy forms and then nothing.

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    Cotton1 (04-19-2020)

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    Quote Originally Posted by carolina73 View Post
    We are one that never heard back. Chase did a great job at preparing us with online seminars and easy forms and then nothing.

    Same with my niece who owns a yoga studio that was ordered closed. Fat cats likely sucked up the funding and those who were destroyed by various governor's laws will now go bankrupt.

    It's a travesty.
    "What happens is of little significance compared with the stories we tell ourselves about what happens. Events matter little, only stories of events
    affect us.

    ~Rabih Alameddin


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    $350B for American small business is a joke. Small businesses had to lay people off before the law was even passed.

    It is like farming pork- the money goes to the few big agricultural industrial farms and not to the family farmer.
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    Cotton1 (04-19-2020)

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    Quote Originally Posted by Peter1469 View Post
    $350B for American small business is a joke. Small businesses had to lay people off before the law was even passed.

    It is like farming pork- the money goes to the few big agricultural industrial farms and not to the family farmer.
    True. There are 30 million small businesses in the US. $350B is only about $1100 per. If half apply its still only $2200. Not enough to save a business or really even buy time.
    Cat-fucious say "one who play with cat expect to get scratched"

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