Tuesday, May 26, 2020

U.S. small firms leave $150 billion in coronavirus stimulus untapped

U.S. small firms leave $150 billion in coronavirus stimulus untappedWhen the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank of the West in Grapevine, Texas worked nights and weekends to process a tsunami of applications. On May 15 the bank stopped taking applications for PPP loans. All told, the SBA says it had approved $512.2 billion in PPP loans as of May 21.




from Yahoo News - Latest News & Headlines https://ift.tt/2XvaBH1

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

A common painkiller may be quietly changing cancer risk

Ibuprofen may be doing more than easing aches and pains—it could also help reduce the risk of some cancers. Studies have linked regular use ...