On this edition of Your Call, we'll get an update on relief for small businesses. The Paycheck Protection Program most recently gave out over $518B after many small businesses were shut out of the first round. But even for those who got a loan, there’s no guarantee their business will survive.
Nearly 66,000 businesses have folded since March 1, according to Yelp. How are small businesses coping and what resources are available for those struggling to survive?
Guests:
David Dayen, executive editor of The American Prospect and author of the new book Monopolized: Life in the Age of Corporate Power
Amanda Ballantyne, executive director of the Main Street Alliance
Web Resources:
The New York Times, Emily Flitter: ‘I Can’t Keep Doing This:’ Small-Business Owners Are Giving Up
The American Prospect, David Dayen: Unsanitized: Government Gives out Negative $3 Billion in PPP Loans in Three Weeks
ProPublica: Trump Friends and Family Cleared for Millions in Small Business Bailout