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The Paycheck Protection Program is out of money! The SBA just announced this morning that no new applications can be taken for this important program that is part of the stimulus package known as the CARES act.
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30 comments
First! Wow!
Something smells fishy.
I miss Credit Card videos.
The gutting of the middle class continues
“They can’t add too many more socialist things” to a $250 BILLION DOLLAR LOAN/GRANT! What more socialism can they add Ben?
Hates socialism, but asks for bailouts. Sorry, the SBA money was given to small businesses like Ruth's Chris Steakhouse
Honestly the people i noticed that got the loans applied directly on the sba.gov site the banks are slower for some reason
Can't add more socialist things… But 毅博，the whole program IS socialist!
The democrats hate America.
Of course, I could not get the ppp loans. 🤑🤑🤑🤮🤮🤮🤢🤢🤢
Good job with Chase. Wells Fargo pushes people away the day it opened up their application.
Lots of Entrepreneurs! Sounds like a lot of money but AMERICANS NEED MORE MONEY..I’m in TEXAS and I know that only covers Texas.. we still have more States to Cover PERIOD..Congress needs to sit and really think about this?
They got to about 1.6 billion out of 30 billion small businesses. Not Even Close.
I was up the creek because I don't have a BoA business credit card. Maybe I'll try Washington Federal if a 2nd round gets passed. Meanwhile, I got approved for the Charles Schwab Platinum last night, turn those points into $4,000 in cash.
"Saved" the economy.
I don’t understand why a company like yours needs additional money? Your all online doing video’s. This program will have trouble giving out money to Small Businesses who actually need the money.
Chase is only loaning to businesses that owe them money where it’s in Chase’s best interest to keep them out of bankruptcy. I would bet that your application was put in the appropriate file 🗑.
lol.. capitalism turn to social programs when it does not work.. we could say, socialism always saves capitalism..
Poor Shifu didn’t get his socialism
I have print a chase note from the PPP but i dont heard anything else after that so i dont goint to get Nothing
No, it's not crazy. JPMC prioritized applications from big businesses that owed then money. First news on it are starting to appear.
The democrats throwing extras onto these bills and delaying them is really getting old. People need the money now.
So the $350 BILLION put aside for the Small Business Paycheck Protection Program has run out of money? Let me explain what has happened here…….Businesses with thousands of employees that generate tens of millions of dollars each year in profits have grabbed AT LEAST 80% of all this $350 BILLION. However; the tens of thousands of REALLY small businesses cannot get access to any of these funds…….. So basically, REAL small businesses have all been SHAFTED, whilst Trump and the Republican's BIG BUSINESS Friends are laughing all the way to the bank via their RAIDING of public funds!……..Now you know why Trump and the Republicans WANTED NO OVERSIGHT OF THIS PROGRAM BY CONGRESS!!!
Idiots. How can this end in anyway but badly?
hope everything works out. disabled adblock just for you
I’m a Small business owner from Puerto Rico. I applied for SBA advance on 3/30. Applied for PPP with my local bank on 4/7. Received email from SBA 4/13 saying $10k advance would be limited to $1k per employee reported on application. I reported 7. Today, 4/17, I received my $7k advance. No word from bank yet as to the status of the loan.
Why do they call it loans? Do small businesses have to pay it back?
Did you hear back? I applied too – let me know if you got approved?
How many employees do you have?
Interesting video 🙂
My video about this topic:
https://youtu.be/khBFPDHhtwE