Over Half Of US Businesses Claim PPP Wasn’t Enough, Survey Says

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Of the 526 little services Fundera surveyed during most of June and July, 55% responded that their PPP funds didn’t stretch far enough to cover expenses and other requirements.”Congress should take action to assist companies and industries, specifically minority-owned small organisations and those in low-income communities, that have actually been hit hard by the COVID-19 pandemic, “Rubio said in a composed declaration. informed Politico. Unlike Rubio’s proposal– which requires eligible services to have actually seen at least a 50%earnings decline– the RESTART Act’s help would be eligible for businesses that have published simply 25%-plus in revenue losses. For more basic financial relief, examine out Merchant Maverick’s guide to alternative financing techniques.

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