Sr. White House reporter for Bloomberg News covering new Biden admin. Reporting what I know, not what I think. jjacobs68@bloomberg.net 
Iowa
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NEW: SBA expects to run out of money for emergency coronavirus loans for small businesses imminently—*this afternoon,* sources tell me. The $349 billion in the PPP program is meant to help cover payroll.
It took 13 days for small businesses to tap pot of money Congress designated for PPP loans, meant to help keep workers on payroll, cover rent for 2 months. Many biz owners have messaged me that they’re still waiting for lifeline. Loan apps not approved yethttps://www.bloomberg.com/news/articles/2020-04-15/virus-rescue-fund-depleted-leaving-small-u-s-firms-shut-out?sref=yYYRek8e …
Of course.
This whole thing is a mess.
actually the program is great, my wife a sole proprietor hair stylist just received her funding yesterday. They just need more funding added to PPP, which Pelosi is blocking for more items that can/should be done in separate bill
I applied in day one had have seen nothing yet
this is the very beginning of a depression and if you don’t understand that at this point I don’t know what to tell you
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