Episode 03: SBA | The EIDL & PPP Loan Debacle

On March 27th, 2020 former President Donald Trump passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. This was a $2.2 trillion stimulus bill in response to the economic fallout of the COVID-19 pandemic in the United States. A portion of this aid was to go to small businesses that had been hit the most financially as a result of the crippling virus. The conduit…the Small Business Administration or as many may know them, the SBA. 

What should have been a well executed and clear-cut plan as guided by White House officials and lawmakers in Congress, ended up being nothing of a sort. From wide-spread fraud, to inconsistent approvals and unjust denials for economic aid relief, we’re diving in deep to the mess that was and in some ways still is the SBA’s EIDL and PPP loan programs. 

We’d like to welcome you to our Third Episode of Authentic Filters: SBA | The EIDL & PPP Loan Debacle. If you applied for one of these loans and were wrongfully denied or even have a story to share on your experience with the SBA, we’d love to hear from you as we know there are others! Email us. If you enjoyed this episode, please head over to Apple Podcast or wherever you listen to Share with others and leave a 5-star review.