Small business owners are calling the SBA disaster loan program a disaster. Businesses are not receiving loans from big lenders and federal money allocated for the SBA is now depleted.
April Ryan speaks with Melba Wilson, owner & proprietor of the landmark Melba’s Restaurant in Harlem, about being declined for a loan from large lenders, and how food delivery companies like Uber Eats, Door Dash, and Grubhub take a huge percentage of restaurant earnings. Small businesses are finding loans from smaller community banks and credit unions.
Click ▶️ to listen to AURN Washington Bureau Chief April Ryan’s White House Report: