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SURVEY: 80% of PPP Applicants Are Still Urgently Waiting For Financial Assistance

AUSTIN – The NFIB Research Center released a survey Tuesday on the small business loan programs. Small business owners were asked about the Paycheck Protection Program and the Economic Injury Disaster Loan on April 17, the day after the programs ran out of money. About 20% of submitted applications have been fully processed with funds deposited in the borrower’s account, but 80% of respondents said they are still waiting, and many do not know where they are in the application process. Most small business owners believe it will take beyond 2020 to recover from the economic impact of COVID-19, with only onethird ...

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