Now, some advocacy groups are warning that the funding lapse could leave thousands of small businesses on the sidelines and that Congress must spend billions more, particularly to help those that Biden promised to support with more generous loan terms implemented last month.
“This is unfair for the smallest businesses to be shut out in the final hours,” said Erik Asgeirsson, an executive with the American Institute of CPAs, which is calling for more PPP funding. “A lot of false hopes were raised.”
The sudden lurch into a new PPP funding discussion just after a debate on extending the application
2 Compelling Dividend Stocks Yielding at Least 8%; Oppenheimer Says ‘Buy’
The crises of the past year – the COVID pandemic, the social lockdowns, the economic shock – are on the wane, and that’s good. However, the crisis post-mortems are rolling in. It’s only natural to compare the current economic crisis to the ‘Great Recession’ of 12 years ago, but as Oppenheimer’s chief investment strategist John Stoltzfus points out, “Considering the differences in what caused the Great Financial Crisis of a little more than 12 years ago… and the current crisis… it’s little wonder that as good as things
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