$350 Billion Loan For Small Businesses Faces Backlash As Large Chains Secure Relief Funds

5 Live
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

5 Live discusses the Paycheck Protection Program in which small businesses are eligible for loans of up to $10 million to cover eight weeks of expenses related to payroll, benefits, rent, mortgage interest, and utilities.

However, many small businesses haven’t gotten their money yet, due to logistical problems. Many big name chains like “Ruth’s Chris Steakhouse, and J. Alexander for taking millions of dollars from the fund.

“5 Live,” is KTLA’s digital-only newscast and streams on KTLA.com and the KTLA 5 News app weekdays at 4 p.m.

Follow Our Facebook Group https://www.facebook.com/groups/KTLA5

This segment aired April 20, 2020

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Most Popular

Latest News

More News