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'We don't get the lifeboats': Entrepreneurs are raging on Twitter after banks turn away desperate business owners who were promised government relief today

Posted On: 3 Apr 2020   |   Posted By: Business Insider

'We don't get the lifeboats': Entrepreneurs are raging on Twitter after banks turn away desperate business owners who were promised government relief today

The federal government promised relief funding would be up and running today.
But small business owners are met with bank delays and broken webpages, and some have been turned away completely.
Customers turned to Twitter to express their frustration - one compared the chaos to being the poor on the Titanic. "We don't get the lifeboats!" she said.
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Treasury Secretary Steven Mnuchin on Thursday told small business owners that applications for federal funding would be 'up and running' by today - but big banks like Bank of America and Chase seem to have missed the memo.
Business owners attempting to access the online applications were met with broken webpages or straight-up denial - and they're proclaiming their dissatisfaction with the chaos on Twitter.
The highly anticipated program known as the Paycheck Protection Plan will give loans up to $10 million to support small business employers and independent contractors who retain workers during the...

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