– By Josh Durso
The Paycheck Protection Program was launched as part of the federal CARES Act, intended to keep people employed as the nation dealt with a devastating pandemic. The Coronavirus has wreaked havoc on companies of all sizes – but small businesses – who don’t have access to large lines of credit, or the existing capital to survive weeks or months of economic inactivity were particularly devastated.
Steve Bulger serves as Regional Administrator for the SBA – the agency tasked with administering hundreds of billions of dollars in loans to small businesses under the CARES Act. It was an undertaking like nothing the SBA or federal government had ever experienced. And as you probably read – there were challenges.
Today on the show: What that economic activity might look like – from one of the Country’s leaders in the U.S. Small Business Administration.