If you think there was a great and easy plan for big gov't to rapidly get funds to all small businesses in America you are dreaming. Everything the federal gov't does is slow and has a million issues. Again, people who want to permanently depend on our gov't for everything are laughable. Obviously this is when we need them, in times of a severe crisis...however, in normal day to day they need to fix our roads and bridges, keep us safe from other bull**** communist ****hole countries, and protect our individual rights.
The biggest issue with the plan in my opinion was the big corporate banks. They let everyone down. We bailed them out a few years ago from their poor business decisions, and now they **** all over the same people that gave them another chance. I got my loan pretty quickly b/c I went to my smaller bank that actually gave a **** about my business. The gov't had the right idea...they should be able to distribute the funds to banks who in turn get the money to who needs it.
Edit: I just read your newer post...you are spot on there!
agree. The reason it is slow and has issues is that they want to give away money to the banks. The banks are charging billions of dollars of fees on loans they cannot lose money on.
Honestly, this was designed to give a handout to the big banks.