IARN — Congress’ bipartisan program, designed to assist small business owners with payroll, rent, mortgage interest, and utilities, recently exacerbated appropriated funding.
The Small Business Association is currently unable to accept new applications for the Paycheck Protection Program (PPP) due to deficient funding. Small business owners exhausted the 349-billion dollars appropriated by Congress in late March. Not everyone received a slice of the pie.
An Iowa farmer, who employs a handful of laborers, told Senator Joni Ernst (R-IA) he “went through the hassle of signing up” only to find the funding run out soon after. Read more