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One of the most underreported national news stories right now...

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MWmetalhead
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Joined: Sun Oct 31, 2004 11:23 am

One of the most underreported national news stories right now...

Post by MWmetalhead » Sat Jul 17, 2021 10:51 am

...is the glacial pace at which the Small Business Administration is moving in decisioning a decent chunk of PPP loan forgiveness applications.

I know of companies who submitted their applications back in late fall or winter and still have not even received a response from the SBA!

The initial assurance was that response would occur within 90 days.

If the Trump Administration were still in power, the mainstream media would be all over his SBA head (and the White House itself) like flies on shit.

However, because this is happening under Biden, the mainstream media, and even much of the business press, turns a blind eye. The biggest delays are occurring with loans in excess of $2 million.

https://dvoraklawgroup.com/sba-delays-i ... decisions/
https://www.equipmentworld.com/business ... tors-group
https://www.journalofaccountancy.com/ne ... tinue.html



bmw
Posts: 6729
Joined: Sun Dec 05, 2004 1:02 am

Re: One of the most underreported national news stories right now...

Post by bmw » Sat Jul 17, 2021 11:16 am

I think it is time to start calling the "mainstream media" by a more accurate name: The mainstream cheerleaders. Their role has been reduced to cheerleading for their favorite team.



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