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Rumor Mill News Reading Room, Current Archive

Exclusive — ‘Main Street Rescue’: Trump Admin Pushes Out Hundreds of Millions in Small Business Loans on First Day

Posted By: Lymerick
Date: Friday, 3-Apr-2020 17:42:00
www.rumormill.news/143636

Even while anticipating and planning one of the biggest military efforts of all time - rescuing the children, and fighting to get the supplies needed to fight the COVID-19, President Trump has cared deeply about small business and arranged these massive programs - in his SPARE TIME!! Think about it!

Lymerick

President Donald Trump’s Paycheck Protection Program (PPP) through the Department of Treasury and Small Business Administration has already on its first day pushed out more than $620 million to small businesses nationwide mostly through community banks.

A senior Treasury Department official told Breitbart News on Friday morning that as of 10:30 a.m. eastern time, a total of 1,652 loans were given out through 239 different banks for a total of $628,371,561. Most of the big banks like JP Morgan Chase, Wells Fargo, and Citigroup did not have programs online—only Bank of America did—by this time, so this means community banks nationwide are the ones stepping up to push the money out to small businesses affected by the coronavirus crisis.

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RMN is an RA production.

Articles In This Thread

Exclusive — ‘Main Street Rescue’: Trump Admin Pushes Out Hundreds of Millions in Small Business Loans on First Day
Lymerick -- Friday, 3-Apr-2020 17:42:00
Learn more about Paycheck Protection Program loans here.
Lymerick -- Friday, 3-Apr-2020 17:13:46
SBA loan program is a sham, as millions of small business owners are left out because they lack a prior relationship with a bank
NaturalWisdom -- Friday, 3-Apr-2020 18:05:29
I FOUND 5 LENDERS JUST IN MY NONMETROPOLITAN AREA!!! ALSO ON DAY ONE THERE WILL BE PROBLEMS TO WORK THROUGH!! *NM*
Lymerick -- Friday, 3-Apr-2020 18:05:29

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AN EXPLANATION OF THE FACTIONS