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Thrivetime Show | Business School without the BS

"You Will Receive Same Day Funding." - United States Small Business Administration | How to Claim the Paycheck Protection Program Grant / Loan

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 3 April 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Clay Clark breaks down how long it will take you to receive your “Same Day” funding from the United States Small Business Administration and how the fear of the Coronavirus originated from a report from Neil Ferguson (the Director of the Abdul Latif Jameel Institute for Disease and Emergency Analytics).

Transcript

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0:00.0

Last night, the United States Small Business Administration hosted a special news conference

0:09.2

to announce that you will receive same-day funding as part of the Paycheck Protection Program.

0:15.0

When Jovita says people working around the clock, they literally, we had both teams working

0:20.5

till 4 o'clock in the morning and start working again today.

0:24.7

We've heard feedback from lenders, community banks, regional banks, and we spent the last 24 hours

0:30.8

making this system even easier. So this will be up and running tomorrow. I

0:35.9

encourage all small businesses that have 500 or fewer people. Please contact

0:41.5

your lenders. Any FDIC institution will be able to do this, any

0:46.0

credit union existing SBA lenders and FinTech lenders. You get the money, you'll

0:52.4

get it the same day, you use this to pay your workers, please bring your workers back to work if you let them go.

0:59.0

You have eight weeks plus overhead. This is a very important program. So the question is, when the

1:06.2

United States Small Business Administration announced you will receive

1:09.6

same-day funding, do they mean two weeks? Three weeks? Five weeks or eight weeks. When will

1:18.4

the same day funding be available? All this and more on today's edition of the Thrive Time show.

1:26.8

Some shows don't need a celebrity narrator to introduce the show, but this show dies.

1:38.8

Two men. Eight kids co-created by two different women. 13 multi-million dollar businesses. Ladies and gentlemen, welcome to the Thrive Time Show.

1:45.0

3.2.

1:48.0

1.

1:49.0

Here we go.

1:50.0

Start it from the bottom now we hit.

1:52.0

We started from the bottom and we'll show you how to get it. Yes, yes, and yes, and yes.

1:55.0

Start it from the bottom that we're sure you how to get it. Start it from the bottom that we're

...

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