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Poll results

The U.S. Small Business Administration ran through the first $349 billion of the Paycheck Protection Program coronavirus bailout money in 13 days, and 47,000 Massachusetts small businesses received loans through this first round. Congress has approved another $320 billion for a second round of the program.

Did your company receive a Paycheck Protection Program loan through the Small Business Administration?
Yes, we were approved and have received our money. (53%, 76 VOTES)
No, we were approved but haven't received the money yet. (15%, 21 VOTES)
No, but we intend to apply in the second round. (10%, 14 VOTES)
No, we don't plan on applying. (22%, 32 VOTES)
Poll Description

The U.S. Small Business Administration ran through the first $349 billion of the Paycheck Protection Program coronavirus bailout money in 13 days, and 47,000 Massachusetts small businesses received loans through this first round. Congress has approved another $320 billion for a second round of the program.

  • 143 Votes
  • 1 Comments
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1 Comments

  • April 28, 2020

    Our bank who handles our cash said we'll put you in the queue and get to it in a week or two. The bank that had out business loan processed it on a Friday the first day and we had a check in our account Monday. That second bank communicated several times that current loan customers took precedence. This was about banks protecting themselves against foreclosures of their own loans. If you were a new company or had no debt, round one was who do you know or you got lucky.