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Will the PPP loan application process be easier this year?


when he got a loan in May from the federal Paycheck Protection Program.
Getting the $45,000 wasn’t easy, Cristofaro said. The website crashed 30 times as he tried to fill out the application. Then, the first round of funding ran out; federal data show much of it was scooped up by large corporations.
In the meantime, business disappeared, including a $69,000 job from a major client.
“I’m about to tell my employees, ‘Hey, we’re going to have to stop working,’” said Cristofaro, 56, who has run Actionable Research Inc. in Aliso Viejo since 2002. “That PPP funding perfectly covered the crater caused by the coronavirus.” ....

United States , Aliso Viejo , Los Angeles County , Capitol Hill , District Of Columbia , Los Angeles , Michael Bugarin , Ben Cooke , Ruby Bugarin , Holly Wade , Anneliese Lederer , Steven Hamilton , Van Nuys , David Cristofaro , Dave Cristofaro , Ben Cookeat , Ben Cooke Westchester , Angel Gonzalez , National Federation Of Independent Business Research Center , Actionable Research Inc , Protection Services , Goldman Sachs , Century Bank , Small Business Administration , Los Angeles International , Treasury Department ,

The PPP process was excruciating for some last year. Will it change this time around?


By Published: January 25, 2021
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LOS ANGELES (Tribune News Service) Market researcher Dave Cristofaro was down to his last $1,500 and on the verge of laying off his final four full-time employees down from seven before the pandemic when he got a loan in May from the federal Paycheck Protection Program.
Getting the $45,000 wasn t easy, Cristofaro said. The website crashed 30 times as he tried to fill out the application. Then, the first round of funding ran out; federal data show much of it was scooped up by large corporations. ....

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