2020-04-08
Successful application doesn't mean money flowing, not just yet. Especially for applicants filing through major banks it may take some time to see cash. And some of them are arguing they don't have the time, even with staff layoffs becoming commonplace. Combined with the Trump administration announcing successful launch, this may become truly frustrating.
This week is expected to be the big test for the so-called Paycheck Protection Program (PPP), which is supposed to see up to $349 billion in government-backed loans distributed particularly among small business owners. Crucial feature of the scheme is the possibility that the government will forgive the loans if businesses maintain their payroll.
