Loans website crashes during 2nd round of applications for small businesses

On the first day of the reopened Paycheck Protection Program, banks are reporting that the Small Business Administration’s portal is not working.

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48 thoughts on “Loans website crashes during 2nd round of applications for small businesses

  1. Its cold blooded these big money companies did this. I own a barber shopped desperate to pay the bills. $11k. Thats it and these companies take MILLIONS. Its horse crap! 11k$ to them is soda. For me, its keeping my business. Its frustrating

  2. welcome to trumps America…..what did you think voting with white supremacists would get you ? sunshine and happiness ? no….you got what you voted for America…………..The election was the infection………trump,fox news,trump voters did this to our country……..they are as deadly as virus…

  3. Now Doctors are being furloughed, as Hospitals are empty and vital surgeries and cancer treatments are being postponed

  4. Every video we have to hear George verbally asking for subscriptions like a high-school girl cover singer this is not the Stone Age we don't want to hear the same words after a 2-minute video every time. that's called brainwashing a tool for brainwashing just repeating stuff over and over again what is that we're not dogs. You guys are a bunch of sick freaks. No offense but hey think about it. That's just crazy

  5. The large companies stealing that money from the small businesses should be BOYCOTTED!!!
    😡😠🤬😡😠🤬😡😠🤬😡😠🤬

  6. Small business are desperately trying to get PPP loan to survive but it’s not happening…multi- million dollar business took advantage of small business PPP loan…what a detestable thing to do during this difficult time…even Harvard!…never send your kids there…find out all the big companies who took advantage of SBA PPP loan & never buy products from them ever again! They are not any better than China…CCP lied to us about Coronavirus & making us suffer physically, mentally & financially. These multi-million dollar companies need to not only pay back the loan but also pay hefty fine (double of PPP loan that they took out), punish them & put them in jail for the crime they committed to honest hard working small business Americans!

  7. Come on everyone, are any of us really surprised that the super rich are getting to make money on the little guys suffering. It's always that way. We have heard about a few huge companies that took the money, but there must be so many more that we haven't found out about yet. Of course Trump and his mob didn't want any oversight of this.

  8. Fking Lakers get 4 million but the mom and pop buissnes needing 40k to just stay afloat can't get it, this is nothing short of criminal…how does that even happen?? If anything the Lakers should be donating to local small businesses, yea they are returning thr money but in the time it took for them to get it and return it thousands of other small businesses are going under Wtf!!?!?

  9. No surprise there! Our incompetent government can't get it right, no matter what! They need to be replaced, soonest! Lied to us since last year! Can't believe ANYTHING they say!👎🖕👁️👁️🇺🇸

  10. The rich shouldn't be able to get funds from this source. This is for small-scale businesses. Not Multi millions or Billions sized companies. Shame on you.

  11. I am president of a small community bank $240 million in assets, and I can assure you that most banks are processing the largest loan requests first because banks will receive 3-5% of the loan amount and the government will fully guarantee each loan and its a shame. This could have been handled so much better if the government would talk to small community banks that actually care about their communities and business people and are not profit driven by large shareholders and overpaid top management. It makes me sick to think how many will not get funding because many large banks are giving it to their largest customers first because the bank will make more money processing the largest loans first.

  12. What happens to the money when those companies return it didn’t need it? Does it go back in the PPP pot for small businesses or is it like a check the banks can do whatever with?

  13. Let businesses open if they want. Let us go there if we want.. between the cooked covid numbers. The bias Trump hating news. The Dictator govners. Our rights, our money, our lovely hood being stolen right in front of us. Hope these Dictators lets us out of our homes before the riots start. The people in charge at state levels are using the covid to grab powers they should never have.

  14. This program is created to benefit banks and any companies big enough to have financial advisors/accountants (know how to apply and jump through hoops). All the small business owners are on their own when applying, so they are SOL.

  15. And to think… people wanted Bernie Sanders as President. Imagine Government running everything under a man that glorify s dictators.

  16. The Fed has no problem with giving bank overnight bailouts in the billions to trillions of dollars. No technical issues there. The Fed is robbing the taxpayers, not helping us

  17. REAL small businesses like Autonation, LA Lakers, Potbelly, Shake Shack, and Ruth Chris are the ones who need this loan. It is SHAMEFUL that these big businesses are applying for this loan when 4 billion dollars small businesses like the LA Lakers are suffering.

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