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The Paycheck Protection Program: The Chaos Begins
Apr 04, 2020 53 secs
on Friday rushed to submit loan applications for the $349 billion Paycheck Protection Program, which is providing government-backed loans that could eventually be partially or fully forgiven.

Major banks, including Wells Fargo and Fifth Third Bank, publicly said on Friday that they weren't yet ready to accept loan applications.

Due to global supply chain disruptions, Snow said she has three weeks of supply left, and is hoping a $200,000 paycheck protection loan could help her get through this.

Plenty of other business owners fear that delayed applications could result in delayed disbursements, adding another unknown to an already uncertain funding timeline.

Geiger said his Wells Fargo representative told him that his application for a $150,000 paycheck protection loan wouldn't be accepted until Monday. He spent the rest of Friday approaching other lenders with no luck.

"We want to help, but we haven't been able to--and then when we're asking for help, we haven't been able to get the help we needed."  .

has compiled a list of ways you can help speed up the process

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