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The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. But, while very well-intentioned, it’s implementation has been flawed.
– We need distribution mechanisms beyond the SBA (which is overwhelmed). Consider for the smallest businesses using PayPal, Square or others for the distribution of funds (some of this started happening last week, which is good). Expand the SBA Microloan Program . million. .
There are SBA loans. This is really an exciting panel to be a part of. Bates: Fantastic. Very few people know that there are actually viable options for them beyond the bank and once you do realize that there are viable options for you beyond the bank it’s impossibly difficult to navigate.
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