A service of Plain English Consulting: Free and concise advice for small business owners and managers. Tom Ealey is a veteran CPA (Ohio) and management consultant, a retired business professor, writer, and seminar leader. Opinions are those of the author. Contact: businessofsmallbusiness@gmail.com or tomealey@gmail.com
Tuesday, April 7, 2020
Banking Blues
The federal payroll protection loan program (PPP) has gotten off to a rocky start.
Confusion and tech problems plagued the program. Different banks gave differing information about the program.
The Small Business Association was not geared up for such a massive quick program.
And the feds think they have run out of money, based on what data they have gleaned so far.
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