Small LA Businesses Struggle To Receive Loans As Ruth's Chris, Shake Shack Receive Millions
Video Credit: CBS2 LA - Duration: 02:15s - Published
Small LA Businesses Struggle To Receive Loans As Ruth's Chris, Shake Shack Receive Millions
Businesses affected by the coronavirus shutdown have been urged to apply for loans, but some small local businesses are not getting as much help as their bigger counterparts.
The problem right now, the businesses are either still waiting on relief by way of loans, not getting approved for relief funds or not qualifying for them.
Some small businesses in Western New York that have been waiting for weeks to receive their Paycheck Protection Program loans, or PPP loans, from the federal government are finally seeing money hit..
A CBS 2 investigation recently uncovered a west suburban company that received funds from the Paycheck Protection Program to help small businesses during the pandemic – though Broadwind Energy has..