Billions "disbursed" in relief loans? Small businesses say not yet [CBS News]
Ready Capital Corporation (RC)
Last ready capital corporation earnings: 3/11 04:39 pm
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Source: CBS News
Trump administration officials say that tens of billions of dollars have already poured into small businesses under a new federal program to tide them over during the economic crash caused by thecoronavirusBankers and small business owners told CBS that the government initiative, dubbed the Paycheck Protection Program, hasprovided little financial reliefThe biggest draw ofthe $350 billion program: The Race To Respond in : The Race To RespondOn Tuesday, Vice President Mike Pence tweeted that over $71 billion had been "disbursed" through the Paycheck Protection Program and that the government was "working to ensure that small businesses have the support they need as we face this crisis together."Held a call with@SBAJovita@NFIB#PaycheckProtectionProgramApril 7, 2020The nation's biggest banks have said they have had hundreds of thousands of applications for PPP loans. But none of the major banks has released numbers on how many of those loans have been actually made.Differing numbersThe
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News
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RC
Earnings
- 11/7/24 - Miss
RC
Analyst Actions
- 11/15/24 - UBS
RC
Sec Filings
- 11/12/24 - Form 10-Q
- 11/7/24 - Form 8-K
- RC's page on the SEC website