Smaller businesses are nevertheless waiting for emergency loans â€” and dealing with a dilemma on how to invest them
Bob Giaimo, founder regarding the Silver Diner restaurant string, is looking to get crisis capital when you look at the coming days through a loan program that is federal. But he does not would you like to invest the amount of money immediately.
â€œGetting the mortgage is difficult enough. Utilizing it is harder,â€ stated Giaimo, that is lobbying their members of Congress for lots more flexible loan terms.
Their frustration is one of a number provided by business people because they you will need to navigate the $349 billion Paycheck Protection Program â€” the week-old effort that Congress has already been considering expanding with another $250 billion in financing.
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