PPP Not Enough to Save Many Mom-and-Pop Businesses

New reporting today in the Wall Street Journal highlights a harsh reality: for many mom-and-pop businesses, Paycheck Protection Program (PPP) funds were simply not enough to keep them afloat through the ongoing Trump Recession.Q3 2020 hedge fund letters, conferences and moreSupporting Mom-and-Pop Businesses“The CARES Act was intended to be a first step — not the only step — to support Americans and their small businesses during the pandemic,” said Kyle Herrig, president of government watchdog Accountable.US. “But the Trump administration has thrown in the towel on both curbing the spread of CO…

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HEDGE accordingly