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The Clark Howard Podcast

4.7.20 Clark interviews SBA rep; Unemployment relief updates; Free mental health resources; Getting mortgage relief

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 7 April 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Clark interviews Ashley Bell from the SBA in order to find out more on the Paycheck Protection Program and Economic Injury Disaster Loans. The DOL has issued guidelines to states on unemployment relief. States will now have to write new code on their sites in order to handle the requests There are great free resources out there for people suffering mental health consequences due to Covid-19. Clark discusses how to reach out for mortgage relief. If you have a loan with Fannie Mae or Freddie Mac and have lost your job or faced reduced income because of Covid-19 you qualify for loan forbearance. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you to the Clark Howard Show where it's all about you and

0:10.8

that quality yours.

0:11.8

I want to make sure you can stretch every dollar as we deal with the effects of coronavirus

0:18.2

on our economy.

0:20.2

And one area that has been a big source of questions to us for the last two and a half

0:26.4

weeks has been the money that is available as emergency funding for businesses that was

0:34.9

adopted in the third stimulus law that included a new federal program called the Paycheck

0:41.3

Protection Program and then enhancements to other efforts to assist businesses, including

0:49.1

another loan that had been around for a while but used now for a different purpose for

0:54.8

businesses dealing with coronavirus and that's the economic injury disaster loan.

1:01.0

And the questions have been coming in so fast to Clark dot com slash ask and the answers

1:08.0

are not that easy to come by.

1:10.6

So we now have with us and we're so happy to have with us the regional administrator in

1:16.9

region four, which is the southeast United States, Ashley Bell and it's so great to have

1:23.6

you Mr. Bell with us on the Clark Howard Show where right from the source from you at

1:30.2

the SBA, you can talk about some of the issues people are having with trying to apply for

1:37.6

loans for their business.

1:39.2

Well, Clark, thank you so much for having me.

1:41.8

I appreciate that and we love to talk about our progress to make sure these loans are

1:46.3

getting out of the doors as possible.

1:48.3

So let's start with one of the hardest things that's been the funnel to get through, which

1:53.9

is small businesses desperate to keep their doors open, trying to get the Paycheck Protection

...

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