Thread by @ewarren, Small business owners are pleading for help—but the Payment Protection Program created [...]

Small business owners are pleading for help—but the Payment Protection Program created to help America’s small businesses stay afloat and keep their workers on payroll has been nothing but a fiasco since its launch. https://finance.yahoo.com/news/nightmare-3-small-business-owners-describe-process-of-applying-for-ppp-coronavirus-loans-132110725.html

'Nightmare': 3 small-business owners describe process of applying for PPP coronavirus loans

Small-business owners share their frustrating experiences applying for loans through the government's new Payment Protection Program.

https://finance.yahoo.com/news/nightmare-3-small-business-owners-describe-process-of-applying-for-ppp-coronavirus-loans-132110725.html

The confusing process of applying for PPP puts an extra, unnecessary burden on small business owners. Even if they’re able to apply, some big banks have shut out small businesses from being able to receive these loans altogether. https://www.vox.com/2020/4/7/21209584/paycheck-protection-program-banks-access

Many small businesses are being shut out of a new loan program by major banks

After the launch of the Paycheck Protection Program, some businesses are just trying to find a lender that will consider their application.

https://www.vox.com/2020/4/7/21209584/paycheck-protection-program-banks-access

Congress needs to act swiftly to fix the problems with this program and eliminate the cap on the total amount of money to keep workers employed. The government should guarantee that every small business that qualifies will get the help they desperately need—full stop.

You can follow @ewarren.

Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: