Judd Legum

@JuddLegum ↗

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Last Checked Nov. 30, 2020

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Wed Apr 08 15:51:24 +0000 2020

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Judd Legum @JuddLegum

3. The Small Business Administration is badly underresourced and so it can't directly administer the loans. So it routes the loans through banks. But many banks are giving preference to their existing loan customers. Banks are effectively using taxpayer dollars as a perk. — PolitiTweet.org

Posted April 8, 2020 Hibernated

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Judd Legum @JuddLegum

2. First, 25% of all small businesses temporarily closed (as of April 3). More are on the brink. $350 billion isn't enough. So we are left with a Lord of the Flies situation, many thousands of businesses competing for limited resources. https://t.co/sRwCC0zmx6 — PolitiTweet.org

Posted April 8, 2020 Hibernated

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Judd Legum @JuddLegum

4. The people who need the help the most, cash-based small businesses without an existing banking relationship, are now at the back of the line. By the time they find someone who will work with them, the money might be gone. https://t.co/sRwCC0zmx6 — PolitiTweet.org

Posted April 8, 2020 Hibernated