Skip to main content
Australia Edition
Monday, 14 June 2021

SBA website inundated amid second wave of small-business stimulus plan

Credit: 41 Action News
Duration: 01:52s 0 shares 1 views
SBA website inundated amid second wave of small-business stimulus plan
SBA website inundated amid second wave of small-business stimulus plan
SBA website inundated amid second wave of small-business stimulus plan

MEMBERS HAVERETURNED TO WORK.AS SMALL BUSINESSESTRY TO REBOUND FROMTHIS PANDEMIC -- MANYARE HOPING FORANOTHER SHOT TO GETSTIMULUS MONEY.BUT WHEN BANKS TRIEDTO PROCESS THEAPPLICATIONS THISMORNING -- THERE WAS ALOT OF FRUSTRATION.AS 41 ACTION NEWSANCHOR GABRIELLAPAGAN EXPLAINS -- THESITE WAS GIVEN A NEWMECHANISM TO HELPMANAGE TRAFFIC APREVENT IT FROMCRASHING - LIKE IT DIDSEVERAL WEEKS AGO.Daniel Fikru/ The Blue Nile CafeOwner"Make sure we keep the dooropen, that's the bottom lineDANIEL FIKRU WHO OWNSTHE BLUE NILE CAFE ISONCE AGAIN APPLYINGFOR THE PAYCHECKPROTECTION PROGRAM.Fikru"We probably need to pexpenses during the slowdown, we don't know how longthis is going to continue we'rehoping a few weeks."BUSINESSESEVERYWHERE ARESCRAMBLING TO APPLYFOR A PIECE OF THAT 310BILLION DOLLARS BUTBANKS ACROSS THECOUNTRY RAN INTOISSUES WHEN IT CAMETIME TO FILE the application.Tom Salisbury/Administrator, SBARegion 7"When the funding ran out fothe original program therewere applications in almostevery lenders location that didnot get submitted becausethere was a certain point whentheir applications werestopped."THOSE APPLICATIOWAITED ON BANKERS'DESKS AND WHEN 9:30MONDAY MORNING HIT -YOU HAD OLDAPPLICATIONS FROMROUND ONE HITTING THESYSTEM AT THE SAME TIMECOUNTLESS NEWAPPLICATIONS WEREBEING FILED ACROSSAMERICA.Salisbury"There are people accessing itnow that didn't do it the firsttime and they now know thevalue of it so they're going tobe attempting to access thesystem as well as those thathave been waiting in line sincethe first one ran out of funds."WHAT PEOPLEEXPERIENCED MONDAYWAS CONGESTION.Salisbury"Run don't walk to your lender,get your ducks in a row."Fikru"It's just like anything elseit'sjust a matter of finding yourway, navigate through it."AND SENDING IN THENECESSARYDOCUMENTATION AS SOONAS POSSIBLE - BEFOREMONEY RUNS OUT.Salisbur"Everybody that would like toaccess this needs to not putthis off and they need to do itright away."IN KC, GP, 41 ACTI

Advertisement

Related news coverage

Explore

More coverage