With additional federal loans coming soon, many small business owners are anxious to find out if they will get the help they need to keep their doors open.
For having us in your home tonight.many small businesses who didn't receive funds ?initially are wondering if help is on the way.fox 55's jeremy masukevich tells us how state leaders plan to ensure the loans are directed towards businesses most in need.
Nat henry 27:36yes it has been a tremendous journey, but now is not the time to quitthe federal paycheck protection program exhausted all 349 billion dollars meant to aid small businesses last week.nat tinisha 44:33last night the senate passed more provisions for the ppp programnow with another 310 billion dollars on the way tinisha weigelt and the office for u.s. representative jim banks are trying to make sure the funds go to who needs them most.
?lower third: tinisha weigelt, district director for u.s. representative jim banks sot tinisha 47:25we're trying to monitor that and make sure the money gets to our local small business people who have started their restaurants here.
The first wave of ppp loans resulted in large chains like ruth's chris steakhouse and potbelly sandwich receiving loans between 10 and 20 million.while many small independent businesses did not receive any funds.indiana state representative phil giaquinta says small businesses that haven't had to apply for loans in the past are those most at risk.?lower third: phil giaquinta, indiana state representative sot phil 50:53the concerns for us have been a business that's a corporation that may have experience with this stuff versus a smaller one that doesn't know how to work its way through the system those are the ones that are going to need the most help.while the second ppp aid package will be smaller indiana state representatives say they hope to exceed the initial 36,000 loansand their focus will be on businesses that did not receive aid the first time around.sot tinisha 48:17we have heard from other businesses that if they don't get an infusion soon they will have to close their doors for good.
So we are trying to work with them, stay in contact, and get them in touch with the right people so they can get through the process.in fort wayne, jeremy masukevich, fox 55 news why-gelt's advice to small businesses seeking a p-p-p loan is to start an application as soon as possible and to monitor daily updates coming from representative bank's office regarding when the funds will be
By Vance Ginn
Imagine a small business owner navigating the complexities of trying to be profitable, as most small..
The independences of the Arab nations in the 20^th century brought hope to the Arab masses for better living standards and better..