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Small Business Owners Denied COVID-19 Relief Over Past Convictions | NowThis

Small Business Owners Denied COVID-19 Relief Over Past Convictions | NowThis

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In US news and current events today, motivational speaker Damon West has turned his life around after a criminal conviction, but that same experience has resulted in him being denied a COVID-19 relief loan.

The CARES Act and Paycheck Protection Program loans are supposed to help out small businesses survive the Coronavirus shutdowns, but the restrictions on CARES Act loans and Paycheck Protection loans have been a burden to many. Those who have turned their lives around but still live with a criminal record have been denied PPP loans and COVID 19 relief loans based on their past felony or even misdemeanor, which has left some already struggling small businesses in even more danger. The Paycheck Protection Plan loans have been credited with saving many businesses, but its clear that the overly restrictive requirements of the PPP and CARES Act mean many owners are being left behind.

#DamonWest #CARESAct #PPP #SmallBusinesses #COVID #COVID19 #Coronavirus #News #NowThis #NowThisNews

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