The Paycheck Protection Program has been a complete disaster. Most businesses haven't even been able to apply, let alone receive the funds, the program is already out of money, and Congress sent itself home (the Senate until April 20). No one's paycheck was protected at all.
Yup. The ones with existing credit relationships are also the ones most likely to be able to float payroll, compared to the small businesses who don't have them
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Yep :( even business checkings/savings clients with many years of cashflow history are not being prioritized.
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