Reopening America

Hundreds of Companies Given PPP Loans Are Now Bankrupt

An unfortunate update on many of the small businesses that received Paycheck Protection Program loans… about 300 of them have had to file for bankruptcy. The stimulus funds were not enough to keep these businesses open as the pandemic continues to hamper economic activity and a lack of additional help from Congress. In filings, the pandemic was the primary reason for declaring bankruptcy. Shane Shifflet, data reporter at the WSJ, joins us for how tough it is for these businesses and why the number of failed companies who received PPP loans is likely higher. Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

We have shifted into a new phase in the coronavirus pandemic. We are social distancing, washing our hands, wearing face masks, and we are Reopening America. Oscar Ramirez from the Daily Dive Podcast updates you on any new information about the virus and vaccine development, but will focus on how cities, states, and industries affected by the shutdown are opening back up.