Some lawmakers and business owners call clauses of the Paycheck Protection Program confusing.
BOOSTED SMALL BUSINESS WITH ANACT ATTACHED TO STRINGS THATCOULD BE TOO EXPENSIVE.THEHOUSE OF REPRESENTATIVESEXTENDED PAYCHECKPROTECTION... A PROGRAMKEEPING COMPANIES AFLOATDURING THE CORONAVIRUSPANDEMIC.BUT IT'S A LOAN WITHTERMS EVEN MEMBERS OF CONGRESSCALL CONFUSING.REPORTER LARRYSEWARD EXPLAINS WHAT COMESNEXT.(nats from cnn feed - tc :30)"without objection the bill isread a third time andpassed..."(track)Houselawmakers extended paycheckprotection for close to fivemillion small businessescrippled by the coronaviruspandemic.(sot/ tc 5:10/ tommielewis/ make it plainconsulting llc, owner)"there'sstill a lot of ambiguity thatwe're needing some clarity."(track)But questions hardlyvanished.During Ohio's stay-at-home order ... "make itplain consulting"... an h-rmanagement, diversity andinclusion coaching firm...lost all income and twoemployees.(sot/ tc 2:50/tommie lewis/ make it plainconsulting llc, owner)"itwasn't completely lost thatweren't able to recoup.
But,all of it was canceled and orpostponed.
So for a two-monthperiod we had zero revenue."(track)In June... Congressapproved 660 billion dollarsto help small companiessurvive.Tommie Lewis told usit helped him make payroll andeven recruit while hisbusinessrestructured to servecustomers virtually.A dayafter the program expired...Lewis is happy to know supportwill last two more months.Still... he worries about thenext step.(sot/ tc 4:54/tommie lewis/ make it plainconsulting llc, owner)"howmuch is due back, if it's aloan or a grant, when is itdue, and what is theappropriate paperwork to befiled and to whom?
Our bankinginstitution?
Or to the pppprogram?"(track)CongressmanSteve Chabot says thosedecisions are anything butfinal.(sot/ tc 2:15/ rep.steve chabot/ us housedistrict )"some will bepartially forgiven or some notat all.
But we think the vastmajority should have the loanforgiven so they can investtheir money in their smallbusiness and supporting theiremployees."(larry looklive)"With almost half of Americansworking for smallbusinesses... this extensiongives those who applied late achance to get help.
IfPresident Trump signs off, theprogram will end in August.Larry Seward... WCPO NineNews."
Since the beginning of the pandemic, officials with the Small Business Development Center (SBDC) in Hamilton County said they have..
