2020년 08월 11일 화요일
뉴스홈 국제
Trump approves five-week extension for small business pandemic loan applications

[서울=아시아뉴스통신] 레악카나기자 송고시간 2020-07-07 05:30

US President Donald Trump talks about a US jobs report amid the Covid-19 pandemic while signing the PPP Flexibility Act of 2020 at the White House in Washington June 5, 2020. (Photo by=Reuters)


[아시아뉴스통신=레악카나 기자] U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.


The extension to the Payroll Protection Program (PPP), which was launched in April to keep Americans on company payrolls and off unemployment assistance, gives business owners an additional five weeks to apply for funding assistance plagued by problems. An estimated $130 billion of the $659 billion provided by Congress is still up for grabs.

Critics worry the U.S. Small Business Administrator’s office, which administers the loan, may continue to experience challenges in fairly distributing the funds. From the outset, the unprecedented first-come-first-served program struggled with technology and paperwork problems that led some businesses to miss out while some affluent firms got funds.

The SBA’s inspector general found in May that some rural, minority and women-owned businesses may not have received loans due to a lack of prioritization from the agency. Reuters reported here on Thursday that a technical snafu in a U.S. government system caused many small businesses to receive loans twice or more times, nearly a dozen people with knowledge of the matter said.

 

[ 저작권자 © 아시아뉴스통신. 무단 전재 및 재배포금지]



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