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Business advocates say that’s a sign smaller businesses are finally getting the loans they applied for.
Most businesses, especially small ones, don’t have a disaster plan for a global pandemic.
The loans, designed to help businesses hurt by COVID-19, come with requirements that some don’t want to take on.
Each business owner has to decide whether to open, and how to do it safely, with the COVID-19 pandemic.
More than $300 billion will go toward small businesses in the form of loans.
The nearly half-a-trillion dollar bill would replenish the program to help small businesses.
The chain restaurant Shake Shack received $10 million in small business loans, which it’s now returning.
There’s concern that the hardest hit businesses aren’t getting enough help.
The Small Business Administration is guaranteeing paycheck protection loans. But applying for one of them hasn’t been so simple.
About $349 billion, in the form of loans, has been set aside for small businesses.