Small business loans through the Economic Injury Disaster Loan program have been plagued by long delays and inadequate capital.
Grants of up to $10,000 were supposed to arrive within three days, but many business owners have been waiting weeks.
The average loan requested has been $200,000. However, the Small Business Administration capped loans at $15,000 due to high demand and low federal funding.
All together, disaster-loan funding is about 99% less than originally advertised.
Contact me if you, or someone you know has an immediate need for funding to keep their business from going under.