Episode 990: The Big Small Business Rescue
Over this past week, America's small businesses have been looking for relief and economic security. Their best bet: A brand new government program with $349 billion worth of support.
The Paycheck Protection Program, or PPP, was designed for businesses that employ fewer than 500 people. Every business can ask for enough money to cover two and half months worth of payroll. The problem is that this program, meant to save the economy from collapse, is untested. It was thrown together in a week, and the launch has been a mess.
The big question: Can the government come up with a system to get massive amounts of money to the right people before millions of businesses close, forever?
Music: "Mr. Graves" and "Street Model."
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