On the #RADIO show this week we cover how conservative leaders are trying to roll back reproductive rights while all eyes are on the pandemic; hear how you can get access to unemployment insurance and also get the latest on the direct cash payments; find out what you can do to support access to high quality, affordable childcare and how the whole system is under threat due to the coronavirus outbreak; and get the inside scoop on the resources available to small businesses and how you can help.
Small Business News
Bolin is not alone. According to news reports, thousands of businesses that have applied to the program are still waiting for the funds to be released by their banks, despite the Small Business Administration’s claims that most of the money has been paid out. The SBA is overseeing the fund, but officials from the Small Business Majority, a national advocacy group for small businesses, said that even businesses that have been approved for the loans have yet to receive any money.
“We're thrilled the Senators are seeking long-term grant assistance for businesses harmed by COVID-19 in his proposal for the Paycheck Security Program,” said John Arensmeyer, CEO of Small Business Majority. “This will provide a much more streamlined process that will allow businesses to continue to operate and keep people employed, and it will help the most vulnerable small businesses that have been left behind by the inefficient and underfunded Paycheck Protection Program (PPP).
John Arensmeyer of the Small Business Majority joins Fox 5 On The Hill to discuss what small businesses need to stay afloat during the coronavirus pandemic.
Some business owners like Lupe Rose found the process disheartening. The co-founder and chief executive officer of SHE Beverage Co., a Lancaster, California, beverage manufacturer and distributor, unsuccessfully applied for a loan through Wells Fargo & Co. as well as online companies PayPal Holdings Inc. and Kabbage Inc. Rose said she and her team “jumped on a conference call and literally cried with each other” when they heard the money had run out.
According to a national poll conducted between April 6-9 2020 by Chesapeake Beach Consulting for Small Business Majority, 33 percent of small businesses have closed their doors, with an additional 14 percent planning to do so. The survey, which surveyed 500 small businesses nationwide, found that of those businesses who laid off staff, 40 percent said those layoffs were permanent.
El programa “Así es Nicaragua!” En 1210 The Man radio tendrá como invitada el Domingo 19 de abril 2020 de 1 a 2 PM hora de Miami 10 AM hora de California 11 a 12 AM en Nicaragua a Xiomara Peña Directora de Programas Nacionales para la Comunidad Latina de la organización Small Business Majority. Enlace para el radio: http://1210theman.com/
“We’re thrilled the Senators are seeking long-term grant assistance for businesses harmed by COVID-19 in his proposal for the Paycheck Security Program,” said John Arensmeyer, CEO of Small Business Majority. “This will provide a much more streamlined process that will allow businesses to continue to operate and keep people employed, and it will help the most vulnerable small businesses that have been left behind by the inefficient and underfunded Paycheck Protection Program (PPP).
In Santa Cruz, Zachary Davis and Kendra Baker opened an artisanal ice cream shop 10 years ago using federal stimulus funds following the Great Recession. They became local celebrities early on when then-Vice President Joe Biden made a thank-you call to their shop, The Penny Ice Creamery, after they had posted a YouTube video praising the economic stimulus act that provided their startup loan.
Affected by the new coronary pneumonia epidemic, SMEs suffered heavy losses. According to data from the Small Business Majority organization, 500 businesses across the United States were surveyed from April 6 to 9. 90% of the businesses were affected by the epidemic, 41% of the businesses lost more than 50% of their income; one-third of the businesses closed. California Insurance Commissioner Ricardo Lara on the 17th encouraged small and medium-sized enterprises to try to seek local resources to help them get loans faster.