IRS says stimulus payments will begin next week

[progree]

7. Hopefully it goes more smoothly than the small business loans and grants

The below is just a small part of the beginning of this article, which covers about 3 programs that are supposed to aid small businesses

Small Businesses Wait for Cash as Disaster Loan Program Unravels, New York Times, 4/10/20

... But in the face of the pandemic, the loan program is drowning in requests. Many applicants have waited weeks for approval, with little to no information about where they stand, and others are being told they’ll get a fraction of what they expected.

The program is supposed to offer loans of up to $2 million, but many recent applicants said the SBA help line had told them that loans would be capped at $15,000 per borrower. That was backed up by a message from the agency that one applicant shared with The New York Times.

The CARES Act, the $2 trillion relief bill signed by President Donald Trump last month, also authorized the SBA to hand out the first $10,000 as a grant that didn’t have to be paid back. Those funds were supposed to be available to applicants within three days of their application, even if they weren’t approved for a loan. That hasn’t happened, according to more than 400 applicants who contacted the Times.

More, much more: https://news.yahoo.com/small-businesses-wait-cash-disaster-122752665.html