Trump's small businesses lending program is a failure to launch
One day after the launch of a $350 billion loan program designed to rescue millions of small businesses pummeled by the coronavirus pandemic, technical glitches continued to cripple the ability of the nation's top lenders to begin processing the loans, throwing into doubt when any of the applicants will start receiving any money.
The lending program, which forms part of the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act, is a much-needed lifeline for the 30 million small businesses across the country. It offers loans of up to $10 million to companies who employ fewer than 500 people. Those loans are forgiven as long as the businesses meet certain conditions, such as using the majority of the funds to pay worker salaries for the eight weeks following the loan closing.
However, two of the nation's biggest banks say they have only just been able to start processing loans.
heregoes: Take care Belle.
May 25, 2020 7:22:06 GMT -6
Rusty: @ VisionAri- Nasal swab both times. Not antibody test.
May 25, 2020 8:19:59 GMT -6
Skoal: Good news Rusty.
May 25, 2020 8:49:06 GMT -6
Sauerkraut: If you test + for COVID-19 before, and now test neg you likely have COVID-19 anti-bodies and are immune. I'd like to get an "anti-body" test. Many people get COVID-19 and show no symptoms and never get sick.
May 25, 2020 8:58:40 GMT -6
Sauerkraut: Joe Biden made another very serious gaff about black people. I guess he now promises to pick a black female for his V.P. regardless of qualifications except for skin color, and Biden promises to stay in his basement and keep mum.
May 25, 2020 9:01:03 GMT -6
Sauerkraut: Trumps a racist he banned people from Brazil from coming to the USA, Trump hates South America! In reality Trump is being proactive and keeping the American people safe from COVID-19. Brazil is a hot bed for the virus.
May 25, 2020 9:20:53 GMT -6
❤apple❤: A perfectionist walked into a bar...apparently, the bar wasn’t set high enough.
May 25, 2020 9:39:47 GMT -6
❤apple❤: The worst time to have a heart attack is during a game of charades.
May 25, 2020 9:41:04 GMT -6
❤apple❤: The difference between stupidity and genius is that genius has its limits.
May 25, 2020 9:41:56 GMT -6
heregoes: Thanks apple.
May 25, 2020 10:05:40 GMT -6
Sprocket: One has to wonder: Is Trump upset he's criticized for golfing while the country tuned into a Golf match lead by a black man?
May 25, 2020 10:17:07 GMT -6
twister: Feel better sweet Belle
May 25, 2020 13:31:13 GMT -6
Belle: I feel better today..thanks! I think..HOPE..it was just allergies.
May 25, 2020 14:07:57 GMT -6
Evann: Hey, i'm new here
May 25, 2020 14:50:55 GMT -6
Belle: Welcome to the forum, Evann!!
May 25, 2020 14:56:58 GMT -6
heregoes: Glad to hear your feeling better Belle
May 25, 2020 15:07:41 GMT -6
heregoes: hello Evann!
May 25, 2020 15:08:05 GMT -6
Evann: Thanks people!!!
May 25, 2020 15:11:36 GMT -6
Rusty: It's a newbie explosion
May 25, 2020 15:11:40 GMT -6